National law firm Addleshaw Goddard has opted to slash its trainee solicitor pay by nearly three per cent from £36,000 to £35,000, rather than ask any of its future trainee solicitors to push back their start dates.
National law firm Addleshaw Goddard has opted to slash its first year trainee solicitor pay by nearly three per cent from £36,000 to £35,000, rather than ask any of its future trainee solicitors to push back their start dates.
The starting salary for trainees will be slightly reduced this year, by £1,000 to £35,000 in London, and by £500 to £24,500 in Leeds and Manchester. The year one trainee salary will also be frozen, with no increase leading into year two of the training contract.
HR director Judith Hardy said: “In common with many other firms we’ve thought long and hard about how we manage our new and current trainee intakes, and we think we’ve balanced both the needs of the firm in the current climate and the careers of our people in the most appropriate way.”
Addleshaws’ decision to cut salaries means 39 of the firm’s trainees will start with the firm as expected in September 2009. A total of 18 training contracts have been accepted in London, ten in Leeds and 11 in Manchester.
Meanwhile, in accordance with measures already taken by several other firms, Addleshaws is also lowering its newly qualified salaries from £64,000 to £58,000 in London, and from £40,000 to £36,500 in Leeds and Manchester.
So far almost 40 firms had asked trainees from either their 2009 or 2010 intakes to push back their start dates, including most recently Barlow Lyde & Gilbert.