Amid a simmering market for junior City lawyers, Freshfields Bruckhaus Deringer has opted to hold the line on associate salaries following a round of bumper increases in 2016.
Newly-qualified (NQ) solicitors at the Magic Circle firm currently earn £85,000. This rate was established last year when the City giant substantially overhauled its comp structure to hike base salaries from £67,500 to £85,000, a 26% rise. The increase included the rolling in of bonuses, though overall compensation was also increased.
