As the City elite gets coy on associate salaries, US rivals are winning the battle for young talent

As the City elite gets coy on associate salaries, US rivals are winning the battle for young talent

Madeleine Farman assesses the impact of another round of pay rises on the City market

As US firms continue to hike associate pay for UK lawyers, members of the City’s legal elite are getting increasingly coy over what they are offering their junior ranks… but are such tactics sustainable in the long run?

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Ince & Co brings in alternative career to partnership as it shakes up associate pay

Ince & Co brings in alternative career to partnership as it shakes up associate pay

Ince & Co is offering its lawyers the option to choose a different career path from the traditional partner track, as it revamps its associate pay structure.

Lawyers at Ince will now progress up a four-step career programme applicable to trainees, associates, senior associates and managing associates.

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‘Some firms do it very well’: Top City outfits embrace flexible working

‘Some firms do it very well’: Top City outfits embrace flexible working

The City’s leading firms have formally embraced flexible working, with the percentage of fee-earners working part-time at the top ten of the Legal Business 100 ranging between 2% and 10%.

Our quality of life survey, published this month, found all of the UK’s top ten law firms have policies around flexible working. Many of the partners interviewed said their firms also allowed teams to develop their own strategy of flexible working, with partners asked to use their own discretion as to whether members of their team needed time off.

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Freshfields gives power to associates to pitch for fintech clients

Freshfields gives power to associates to pitch for fintech clients

While other Legal Business 100 firms such as Slaughter and May and Simmons & Simmons are giving free legal advice to win over fintech clients, Freshfields Bruckhaus Deringer associates have been given the opportunity to pitch and win client relationships as part of a growing bid to win new clients in this area.

Around 25 associates across Freshfields are part of the initiative, which began when a client invited associate Adam Ryan to pitch alongside another associate, Claire Harrop. The pair now lead the fintech associate initiative.

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