The firm decided to postpone its scheduled salary reviews for all staff in September, citing market volatility following Britain’s vote to leave the European Union. At the time, managing partner Jonathan Blair also said the postponement stemmed from concerns about overcrowding in the British legal market. Several other firms opted to implement similar freezes until they had a clear view of the post-Brexit landscape, including Addleshaw Goddard, Gowling WLG and Berlin Leighton Paisner. All three firms have since restart their review processes.
Position ‘reviewed’
Bond Dickinson promised it would revisit the question of salary reviews in November, and this week it delivered: ‘Further to our decision to delay our salary review process, the board has reviewed our position and we are pleased to confirm that we will be proceeding with our salary review. All increases will be backdated to 1 November 2016, which was the effective date of the original review before we deferred it,’ read a statement from the firm today.
Sources: Legal Week; The Lawyer
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