Reed Smith opts against associate salary hikes, holding rates steady in all offices

US firm decides against matching rivals after "considering interests of clients"

Reed Smith has opted not to increase associate pay in any of its global offices, despite a host of US firms confirming salaries rises in response to moves by Milbank Tweed and Cravath Swaine & Moore.

Reed Smith partner and global head of legal personnel, Casey Ryan, confirmed in a statement that, while the firm will continue to monitor the market, it “has no current plans to increase associate starting salaries in any location”.