Herbert Smith freezes salary bands for associates and trainees
Herbert Smith has opted not to increase its associate pay bands for 2011-12, following recent pay freezes at City peers Linklaters and Allen & Overy. The firm has chosen to hold junior salary bands at the same level as last year, with trainees receiving £38,000, newly-qualified lawyers taking home £61,000 and those with one year post-qualification experience (PQE) earning £68,000.
May 27, 2011 at 06:31 AM
2 minute read
Herbert Smith has opted not to increase associate pay bands for 2011-12, following recent salary freezes announced by City peers Linklaters and Allen & Overy.
The firm has chosen to hold junior salary bands at the same level as last year, with trainees receiving £38,000, newly-qualified lawyers taking home £61,000 and those with one year post-qualification experience (PQE) earning £68,000.
Two-year PQE lawyers will take home £73,000 and three-year PQE associates will remain on £85,000. The firm's associates will continue to move through the pay bands as normal.
The news marks the third consecutive year that pay levels for Herbert Smith's one and two-year PQE associates have remained unchanged, after the firm froze salaries in 2009 and then opted not to increase the two bands last year.
A Herbert Smith spokesman said: "While salary bands for associates up to 4.5 PQE won't increase, associates will nevertheless benefit from pay rises by rolling through the qualification bands.
"Associates with a PQE of five and above will increase according to performance and chargeable hours."
Bonuses at the firm will be paid out as normal. All decisions regarding pay are effective from 1 June.
The news comes after Freshfields Bruckhaus Deringer and Slaughter and May bucked the trend at the top end of the UK top 50, confirming marginal increases in associate pay bands for 2011, with rises of between 2% and 2.6%, and 1.5% and 3% respectively.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
More than Half of South Australian Lawyers Report Suffering Harassment
3 minute read
King & Spalding, Weil, Gotshal & Manges Launch Pro Bono Legal Initiative for Tennis Players
2 minute read
Trump Ordered to Pay Legal Bill Within 28 Days After Rejecting Costs Order
2 minute readTrending Stories
- 1Gunderson Dettmer Opens Atlanta Office With 3 Partners From Morris Manning
- 2Decision of the Day: Court Holds Accident with Post Driver Was 'Bizarre Occurrence,' Dismisses Action Brought Under Labor Law §240
- 3Judge Recommends Disbarment for Attorney Who Plotted to Hack Judge's Email, Phone
- 4Two Wilkinson Stekloff Associates Among Victims of DC Plane Crash
- 5Two More Victims Alleged in New Sean Combs Sex Trafficking Indictment
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
