Two more firms freeze pay after Brexit vote


By Victoria Basham

05 August 2016 at 10:35 BST


In the wake of the UK's vote to leave the EU, Addleshaw Goddard and Gowling WLG have frozen their August salary reviews until the autumn.

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An Addleshaws spokesperson told RollOnFriday: 'Like many other businesses in the UK, we have seen Brexit have an impact on activity levels in the short period since the referendum.’

Salary reviews frozen

The firm will freeze salary reviews for staff, delay its annual review of fixed profit share for salaried partners and will also postpone the next profit distribution for equity partners. However, staff bonuses for last year's performance will still be paid out in September.

Delayed

Gowling WLG has also confirmed it will delay its 2016 salary review until the autumn, but added that bonus payments for 2015/16 for those eligible were paid as usual in the July payroll and summer promotions had gone ahead as planned.

 
   
 
 
 

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