Freshfields matches Cravath pay scale for US associates as Quinn hikes London salaries

Quinn boosts City pay bands by up to 19% while opting against move to match US rates

Freshfields Bruckhaus Deringer is raising its salaries for US associates to match the rates set by Cravath Swaine & Moore.

The magic circle firm’s US associates will now be paid starting salaries of $190,000 (£143,000), rising to $350,000 (£266,000) for the class of 2009 and above.