Abracadabra! The first Magic Circle firm has now entered the summer 2021 salary wars. Freshfields will be pulling a rabbit out of its hat for associates and summer associates with an increase in salary for U.S. associates.
Now that Freshfields has entered the arena, it’s time for other firms like Allen & Overy, Clifford Chance, and Linklaters to up associate salaries. Associates at these firms should thank Freshfields for making the first move and forcing their firms into action.
Here’s what the new salary scale looks like at Freshfields, thanks to Davis Polk:
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- 2020: $205,000
- 2019: $215,000
- 2018: $240,000
- 2017: $275,000
- 2016: $305,000
- 2015: $330,000
- 2014: $350,000
- 2013+: $365,000
Congratulations to everyone working in the U.S. at Freshfields!
(Flip to the next page to see the full memo from Freshfields.)
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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.