All signs are that spiralling associate salaries are rooted firmly in the past, with news this month that Masons has slashed its pay benchmark for junior lawyers by nearly 10% – becoming the first top 50 UK firm to seriously reverse the “unsustainable” pay hikes of 2000 and 2001.
The shake-up of the national firm’s pay structure, will see newly-qualified pay cut from £47,000 to £43,000 from next month.
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