Clifford Chance has been left out on a limb following its decision to cut salaries for newly-qualified lawyers Trainees due to qualify this September will see their pay dip from £50,000 to £48,000 per year. Associates at Clifford Chance will see their average pay increase drop to just over 4 per cent from a previous 6.7 per cent in 2002-03.
Allen & Overy, Freshfields Bruckhaus Deringer and Linklaters, however, have all confirmed to Lawyer 2B that they will not be following the rival magic circle firm’s lead, and that newly-qualifieds’ pay will remain static at £50,000. With SJ Berwin, Clifford Chance was the instigator of the 2000 salary war, as UK firms sought to rival […]