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Evening Standard
Evening Standard
Business
Jonathan Prynn

Top City legal firm freezes junior salaries in first sign of hiring slow down

Magic Circle Allen Overy United States

The City of London (Jonathan Brady/PA)

(Picture: PA Archive)

Magic circle London legal giant Allen & Overy has frozen the salaries of junior solicitors at £107,500 in an early sign that the red hot jobs market for young lawyers may be cooling.

An email seen by the RollonFriday website reveals that associates have been told that “after careful consideration of the market and with economic conditions becoming more challenging” the firm had “decided not to increase associate spot salaries at this time”.

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