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A U.K. law firm has decided to offer its employees the option of working from home full-time, but on the condition that they take a 20% pay cut.
The London-headquartered law firm Stephenson Harwood has also offered its employees the option of a hybrid model, working up to two days remotely for the same salary.
A spokesperson for Stephenson Harwood said this was “consistent with the approach taken by many City law firms.”
“Like them, we see value in being in the office together regularly, while also being able to offer our people flexibility,” they said.
Both the hybrid and full-time remote work options came into effect this month.
Stephenson Harwood had looked to employ people for a small number of roles living outside of London during the ongoing coronavirus pandemic.
The spokesperson said this enabled the firm to attract candidates that otherwise wouldn’t have been available to them. However, they pointed out that the job packages, including the salaries, were different from those offered to its employees who regularly work from its London office.
Stephenson Harwood has since decided to open this option of fully remote work to its existing employees.
According to the Stephenson Harwood website, employees joining the firm on its training contract in London are paid 43,000 ($53,835) for their first year, rising to 47,000 in the second year. The firm currently offers a salary of 75,000 for a newly qualified solicitor.
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