Associates at Linklaters are to be paid, at least in part, on their ability rather than length of experience.
At the moment the firm pays salaries that are set by level of qualification: £64k for NQ, £69.5k for 1PQE, £78.25k for 2PQE, £89k for 3PQE. If associates get particularly beasted on their hours they may get a bonus at the end of the year, but this doesn't take into account their ability more generally.
However this will change from May next year, when associates with more than 2PQE will be paid a basic salary plus a discretionary amount based on their performance, as reported by The Lawyer. Plus they'll still be eligible for the same bonus, so in theory those technically brilliant associates who are team players, live for their clients and work like Spanish donkeys could see a rise in their pay. Whilst slapdash associates who avoid clients whenever possible and slip out via the fire escape on Friday evenings will earn less.
As with RPC's recent move to merit-based pay for NQs, it will take a while to see whether the new systems really does reward high achievers or is just used as an excuse to trim salaries of others. But insiders at the firm have told RollOnFriday that the wage bill is likely to increase, and a spokesman said that "we would expect the majority of associates to be better off".
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At the moment the firm pays salaries that are set by level of qualification: £64k for NQ, £69.5k for 1PQE, £78.25k for 2PQE, £89k for 3PQE. If associates get particularly beasted on their hours they may get a bonus at the end of the year, but this doesn't take into account their ability more generally.
However this will change from May next year, when associates with more than 2PQE will be paid a basic salary plus a discretionary amount based on their performance, as reported by The Lawyer. Plus they'll still be eligible for the same bonus, so in theory those technically brilliant associates who are team players, live for their clients and work like Spanish donkeys could see a rise in their pay. Whilst slapdash associates who avoid clients whenever possible and slip out via the fire escape on Friday evenings will earn less.
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El burro Linklaters mañana |
As with RPC's recent move to merit-based pay for NQs, it will take a while to see whether the new systems really does reward high achievers or is just used as an excuse to trim salaries of others. But insiders at the firm have told RollOnFriday that the wage bill is likely to increase, and a spokesman said that "we would expect the majority of associates to be better off".
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