Slaughter and May abandons universal pay grades
18 January 2013
For the first time ever, Slaughter and May
will be paying different salaries to associates of the same level of qualification.
The firm announced yesterday that it would be introducing a new appraisal system "that will review and reward performance more consistently and transparently
". In addition, Slaughters says there will be a "limited amount of differentiation in associate salaries and bonuses
". The firm claims no one should be paid any less, but that star lawyers may be paid more.
It's not as seismic a change as it might have been, as it only applies to more senior associates. And Graham White, the firm's Executive Partner, told RollOnFriday that Slaughters was just "dipping a toe in the water
": so it's a fair bet that the pay differential will be pretty slight. But it's still an entirely new approach from a very conservative firm.
||The new look Slaughter and May. Lawyers to be paid what they're worth and to be allowed to undo their top button during clement weather.|
White said that the salary differentiation was "a minor change
" and claimed that "being open about appraisals and how associates are scored is much more important