Law firm Clifford Chance is to lift the freeze on salaries for London-based lawyers it imposed last year.
Clifford Chance, one of the ‘Magic Circle’ law firms, has said salaries will rise from 1 May to reflect increased seniority. In addition, the firm will be paying bonuses as part of the total reward package.
The rises mean newly-qualified solicitors could earn a salary of up to £73,000, if the firm’s maximum bonus is included.
London managing partner David Bickerton said: “These salary increases demonstrate our confidence in our London business and the value we put on the contribution of all our lawyers.”
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