US EditionCity law firms turn to bonuses in battle for top junior lawyer talent - Legal Cheek
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City law firms turn to bonuses in battle for top junior lawyer talent - Legal Cheek
Performance-based extras give non-US firms a way to compete Several UK law firms have recently revamped their bonus structures, aiming to retain the hardest-working juniors amid tough pay competition. From this summer, City firm Simmons & Simmons will reward associates who record over 1,800 billable hours with mega bonuses of between 25 per cent and 40 per cent of their salary, according to an internal memo seen by the Financial Times (£). This …
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