Freshfields and Linklaters last of the big four to match US associate bonuses

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The remaining Magic Circle firms with a US presence have now matched Cravath, Swain & Moore‘s associate bonus payouts with Freshfields Bruckhaus Deringer and Linklaters the latest to send out memos, following Clifford Chance (CC) and Allen & Overy (A&O).

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Akin Gump revamps associate pay to reflect volatile pound post Brexit vote

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Akin Gump Strauss Hauer & Feld has reviewed its associate salaries and will pay junior lawyers according to exchange rates in light of a volatile pound. This means the firm’s London-based newly-qualified (NQ) lawyers will see salaries swell to $180,000, which at current exchange rates is nearly £150,000.

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Updated: Keeping up with the US – Freshfields and Clifford Chance match Cravath associate pay rates

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In a bid to compete with its US rivals, Freshfields Bruckhaus Deringer and Clifford Chance have followed in the footsteps of Cravath, Swaine & Moore, matching the salaries of its US-based associates, bringing pay to $180,000.

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Associate pay up across Magic Circle as Freshfields wraps bonuses into base salaries

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NQs at Freshfields receiving £17.5k extra

Newly-qualified (NQ) solicitors at Freshfields Bruckhaus Deringer have received the largest bump in pay of the Magic Circle so far this year, taking home around 25% more than last year.

At Freshfields, NQ pay packets have been boosted by an extra £17,500 after the firm announced it would be folding in its discretionary bonuses, with pay set to rise 26% to £85,000 on last year’s figure of £67,500. The move follows a freeze last year.

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Shearman ramps up associate pay as war for talent intensifies

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Newly-qualified UK lawyers at Shearman & Sterling will see salaries pushed up £7,000 to £95,000 this year as City salaries soar. Rises of between 7% and 10% have been dished out across the associate ranks, with more experienced associates set to trouser up to £12,000 extra a year. The salary increases took effect from 1 May, 2016.

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Myths and Millennials – the facts, fiction and hard realities of leading junior lawyers

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Law firms are increasingly obsessed with the challenge of engaging their Millennial associates. Legal Business separates buzzword from BS


Just what is it that you want to do?

We wanna be free.

We wanna be free to do what we wanna do.

 LOADED, PRIMAL SCREAM

 

It was a very different legal market in 2007 when Simon Harper and a group of colleagues at Berwin Leighton Paisner geared up for the launch of Lawyers On Demand (LOD). Amid boom time for legal services, few knew what to make of a flexi-lawyering business. Working on initial marketing, the idea was hit upon to draw on the famous freedom refrain from Primal Scream’s 1990 song Loaded (actually a sample from the cult film The Wild Angels). The intent was to reach a new generation of lawyers: a generation that in law and in other industries would increasingly be known as Millennials. The impact was immediate, recalls Harper. ‘What made LOD fly was the changing attitudes to work. Some of the CVs we got were amazing.’

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