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This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Cravath, Swaine & Moore has set the tone for year-end bonuses in the US, awarding associates unchanged figures between $30,000 and $60,000.
Senior associates at the Wall Street heavyweight will take home $60,000 when the bonuses are paid on 16 December, equal to last year’s maximum associate bonus. First-year associates will meanwhile receive $30,000.
This is in line with the market and key competitor Sullivan & Cromwell, which offers total first-year compensation of $155,000.
Sullivan announced last month that associates would also receive unchanged bonuses starting at $30,000 for first years, ranging up to $50,000 for senior associates.
Meanwhile, New York-based intellectual property boutique Kenyon & Kenyon has announced that it is increasing associate base salaries.
First-year associates at the 200-lawyer firm are set to receive $135,000 rather than $125,000. The firm’s average bonus for associates has also been increased to $40,000, up from $29,000 last year.