Mallesons Stephen Jaques is the latest firm to announce a wage freeze, with salary levels to remain on ice for at least 12 months from the start of the new financial year.
Chief Executive Partner Robert Milliner made the announcement to staff at the firm Wednesday morning, citing the weaker financial outlook.
The salary freeze will be subject to a review at 31 December, dependent on whether the firm is "tracking on or ahead of budget" for the year 09/10.
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