Travers' salary freeze
Junior fee earners are facing threats from all directions at the moment with salary freezes and layoffs in the air. Travers Smith is the latest firm to respond to the current economic crisis with a salary freeze following similar moves by Eversheds and Allen & Overy. The announcement comes as levels of inflation and the costs of living are soaring…
Trainee solicitors and associates at Travers Smith will remain on last year’s rates of £36,000 for first-year trainees, £40,000 for second-year trainees …
Junior fee earners are facing threats from all directions at the moment with salary freezes and layoffs in the air.
Travers Smith is the latest firm to respond to the current economic crisis with a salary freeze following similar moves by Eversheds and Allen & Overy.
The announcement comes as levels of inflation and the costs of living are soaring…
Trainee solicitors and associates at Travers Smith will remain on last year’s rates of £36,000 for first-year trainees, £40,000 for second-year trainees and £64,0000 for newly qualified associates.
Managing partner Chris Carroll blamed the economic downturn and the rising cost of salaries.
Tougher times do appear to appear to be affecting the profession despite the impressive results posted earlier in the year. If making your mark in a new career was not enough, how are the lower ranks coping with these added pressures? Let us have your insight – Contact team solicitr
August 14, 2008
i think 36k is plenty for a wet behind the ears law grad, who’ll be doing the photocopying and picking up the partner’s dry cleaning for the 1st 3 years of their career.
August 14, 2008
oh dear.
the poor legal students having to ’survive’ on the £30k +
my hearts go out to them.