Lawyer Pay
London Partners to Associates: At $125K, We’re Paying You Too Much
Posted Apr 24, 2008, 12:13 pm CST
By Martha Neil
Although last year was particularly profitable for many major London law firms, corresponding raises for associate-level attorneys aren't on the radar screen.
In fact, while some magic circle firms may up the ante at least a little this year, some partners are complaining that junior lawyers already are overpaid, reports Legal Week.
Says an unnamed Clifford Chance partner: “People should be grateful for having jobs in the current market. I could easily see the rises not happening now and being deferred until later in the year.”
Currently, starting lawyers at leading London firms reportedly make between 63,500 pounds and 65,000 pounds. That translates to a range of about $125,000 to $128,000 in U.S. dollars.
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