City elite refuse to rule out pay band freeze

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39 Essex Street joins CEDR mediation drive

Chambers 39 Essex Street is to join with the Centre for Effective Dispute Resolution (CEDR) to help it promote mediation as opposed to ­litigation. The not-for-profit organisation counts ­Clifford Chance, Freshfields Bruckhaus Deringer and Herbert Smith among its supporters. Chambers director Michael Meeson said it was a ­“natural move to show our leadership and continuing […]

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Freshfields cuts associate pay bands

Magic circle firm Freshfields Bruckhaus Deringer is reversing its associate salary bands with all associates set to receive the same level of pay from May, despite gaining a year in post qualification experience. As a result of the changes, the salary paid to newly-qualified (NQ) solicitors will drop from £66,000 to £59,000. Associates with one […]

Baker Botts breaks $600m with year-end results

Baker Botts has reported a 6.16 per cent increase in global revenue for the past financial year. The Texas-headquartered firm grew revenue from $577.7m in 2007 up to $613.3m in 2008. Baker Botts also grew average profit per equity partner (PEP) by 4.6 per cent from $1.3m up to $1.36m in 2008. The past year […]

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Diamond in the rough

11.18amHarassment in the workplace generally brings up images of executives patting secretaries on the bottom while walking into a meeting room. And if any legal dispute comes of it, then the employment litigation lawyers get to work. 11 February, 11.18am Harassment in the workplace generally brings up images of executives patting secretaries on the bottom […]

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