Magic Circle Firm Casts A Spell On Associates With Amazing New Salaries

It's the first Magic Circle firm to make a move on the new salary scale. Congrats!

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:

  • 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.)

We depend on your tips to stay on top of this stuff. So when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Matches”). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.

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Staci ZaretskyStaci 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.

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