News Business Leadership Careers Law firms Freshfields to go live with new associate pay model By Margaret Taylor 12 November 2009 14:50 13 December 2015 17:56 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Anonymous 18 November 2009 at 04:22 Let’s talk about what flexibility really means: While the firm instituted a pay freeze and partners keep complaining about alleged evaporation of profit, record earnings have been posted last time. Albeit even clients openly wonder how Freshfields manages to keep 1.6 mio Euro PEP level in the crisis, continued cost cutting is in the focus. “Flexibility” means thinking flexibily about what Freshfields ows its associates and staff and “flexibly” interpreting the deals cut in good times. The partners should have the balls to live through this crisis as entrepreneurs and swallow the profit downfall as do many other partners in top tier firms such as Hengeler where such whining and tampering with present pay deals is unheard of. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.