US-led firms don't want to pay more in London than they do in New York, and most UK firms are reluctant to play the US game, but moves by Freshfields and Linklaters have put others under pressure.
May 20, 2024 at 12:04 AM
6 minute read
Reporter
There is a sense of inevitability whenever a large law firm increases its salaries for juniors that others will move to match it.
When Freshfields Bruckhaus Deringer announced at the start of the month it was it was raising its London newly-qualified rates by a healthy £25,000, to hit a new U.K.-firm high of £150,000, eyes immediately turned to its rivals.
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