The Lawyer Global Litigation Top 50 report is the only ranking of international law firms by litigation and arbitration revenue and is essential reading for anyone seeking to benchmark their litigation and dispute resolution practices...
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The move effectively reduces salary band rates, with associates taking home the same pay despite gaining a year of post-qualification experience (PQE). Slaughter and May trainees will continue to receive a pay rise in the second year of their contracts.
The firm said it would not be deferring start dates for future intakes of trainees. Freshfields Bruckhaus Deringer kicked off the round of pay freezes in February by reversing salary bands for all associates.