Law Firms
UK Firm Linklaters Halves Bonuses for US Associates
London-based Linklaters is cutting bonuses in half for U.S. associates in New York and abroad.
Year-end bonuses will range from $17,500 to $32,500, half the amount paid last year, Legal Week reports. The lower amount matches that paid by London firms Clifford Chance and Allen & Overy, as well as several New York law firms.
Linklaters associates will get their regular salary increases next year, however. Some large law firms are opting to freeze associate pay.
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