Slaughter, Freshfields Revise Associate Pay

Law360, New York (May 7, 2010, 5:00 PM EDT) -- U.K. firm Slaughter and May has unfrozen associate salaries and tightened up differences between its pay levels, while fellow Magic Circle firm Freshfields Bruckhaus Deringer LLP has reportedly handed out raises to three levels of associates, in a sign that firms are beginning to relax the purse strings.

Slaughter decided to raise salaries for its newest lawyers and to cut salaries for more senior lawyers in order to shorten the pay gap between three tiers of associates, Graham White, the firm's executive partner, said Friday, confirming...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.