Linklaters’ profit-related bonus has gone up by £100 to £2,500 this year.
All staff in London will receive the bonus, while legal employees across the globe will receive the market equivalent for their jurisdiction.
The news comes almost a month after the magic circle firm increased it associate salaries in London, with wages for one year’s PQE rising by 14 per cent to £69,000.
The dividend is in addition to the performance-related bonus, where lawyers can receive up to an additional 40 per cent of their salary.
On top of this, last year the magic circle firm introduced its ‘time bank’ scheme, where associates who are 90 per cent utilised in one term can apply for a day in lieu. These additional days can be ‘banked’ for up to 20 days to allow lawyers a ‘mini-sabbatical’.
So far more than 1,200 days have been banked by associates.