Ashurst has slashed pay for its incoming class, and is freezing salaries for all non-partner lawyers and support staff.
Trainee solicitors who qualified with Ashurst this month will receive salaries of £60,000 ($83,800), as opposed to the £65,000 ($90,800) last year’s intake received. All other lawyers and support staff will see their pay bands held at 2008 levels, despite progressing a year in qualification terms.
Earlier this month, the firm cut staff hours.
Ashurst has over 800 lawyers, including over 199 partners, in twelve countries. Founded in 1822, the firm was known as Ashurst Morris Crisp until it rebranded in late 2003.
