Linklaters Cuts Pay for Incoming Associates

Linklaters is cutting pay for starting lawyers, and shrinking salary increases. The firm will pay new lawyers £61,500 ($91,300), down from £66,600 pounds in 2008.

Associates will get salary increases of two to four percent based on seniority, down from six to 10%.

Linklaters is freezing pay for non-lawyer staffers.

Lawyers and staff may qualify for merit-based bonuses, and will get £1,500 profit-related awards.

Linklaters has 26 offices in 19 countries, and is one of the five members of the “Magic Circle” of prominent UK law firms.

• Linklaters’ ‘New World’ Faces Legal Action from Redundant Staffer
• Linklaters Profit Up to $2.13 Billion
• Kilpatrick Stockton Cuts Associate Pay
• Linklaters Defers Start Dates
• Update: Linklaters Makes 30 Redundant

Posted by Erik Even on April 30, 2009. Filed under Home,Law Firm News,Legal News,World News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry