Eversheds denies pay cut rumours: RollOnFriday says prove it

                          

There were further allegations this week that law firms are using opaque pay structures to sneak in pay-cuts on the quiet.

 

Following complaints that DLA is secretly cutting salaries, disgruntled associates at Eversheds have told RollOnFriday that the highest salaries paid this year are below those paid to 2007's high flyers. 

 

One insider claims that "despite receiving an excellent review, and being told that I am earning the top it is possible to get for my band - I am still earning less than those in my department earned in the same band last year". And just to rub it in, that's despite increased charge out rates.

		An Eversheds lawyer yesterday

Like DLA, the firm argues that it is not cutting salaries, but simply adopting a more flexible approach to remuneration. A spokeswoman for the firm said, "Eversheds is not decreasing salaries, but like many firms has been moving away from the historical approach of bandings by period of qualification and is moving towards remuneration based on individual performance".

   

Well, possibly. So here's the challenge to both Eversheds and DLA: confirm in writing to RollOnFriday the average (mean) salary paid to 3 PQE lawyers in July 2007 and to 3 PQE lawyers in July 2008. If the latter is greater than the former, RollOnFriday will publicly eat its orange hat. 

   

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