Freshfields Bruckhaus Deringer’s co-senior partner Anthony Salz will see an extra £28,000 added to his annual pay-packet after accepting a two-day-a-week role as vice-chairman of the BBC.
The magic circle firm declined to comment on whether Salz will take a cut in pay from the firm once he takes up the position this month. It is understood that he will continue both his managerial and fee-earning responsibilities at Freshfields, as well as his vice-chairmanship.
At the BBC, Salz is replacing Lord Ryder of Wensum, who retired from the board at the end of June 2004.
Salz follows in the footsteps of Macfarlanes’ former senior partner Vanni Treves, who embraced the media world as chairman of Channel 4 from 1997 to 2003. The private sector role saw Treves earning £80,000 per year.
Treves is proof that there is life beyond the law. He holds a host of other corporate roles, including his high-profile position as chairman of troubled insurer Equitable Life, for which he earns £125,000 a year.
His other executive positions include his appointment in February this year as non-executive chairman of support services business Intertek Group and non-executive chairman of recruitment company Korn/Ferry. He is also chair of the London Business School and chair of the National College for School Leadership’s governing council.