Freshfields and A&O latest to enter US bonus war
Freshfields Bruckhaus Deringer and Allen & Overy have become the latest firms to announce they will be paying one-off bonuses to their New York associates. Both firms have met market rates, with associates at Freshfields to be given from $10,000 (£4,900) to $50,000 (£24,400) depending on seniority, in addition to the firm's scheduled bonus of between $35,000 (£17,000) and $65,000 (£31,700). The special bonus will be paid at the end of this month, with a year-end bonus being paid on 31 December.
November 15, 2007 at 11:08 AM
2 minute read
Freshfields Bruckhaus Deringer and Allen & Overy have become the latest firms to announce they will be paying one-off bonuses to their New York associates.
Both firms have met market rates, with associates at Freshfields to be given from $10,000 (£4,900) to $50,000 (£24,400) depending on seniority, in addition to the firm's scheduled bonus of between $35,000 (£17,000) and $65,000 (£31,700). The special bonus will be paid at the end of this month, with a year-end bonus being paid on 31 December.
A&O has announced payments of the same amount and in a memo circulated yesterday (14 November), New York partner Ian Shrank said associates could expect their special bonuses to be paid on 15 December, with usual year-end bonuses paid in January.
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