Clifford Chance Holds US Associate Bonuses To Match Cravath, Milbank Rates
The Magic Circle firm's announcement follows that of U.S. heavyweight firms Milbank and Cravath, Swaine & Moore.
November 12, 2019 at 11:55 AM
2 minute read
Dollars
Clifford Chance's associate bonus rates will stay stagnant for a sixth year, matching the rates set this week by U.S. heavyweight firms Milbank and Cravath Swaine & Moore.
First-year associates at the Magic Circle firm who are based in the U.S. will take home a bonus of $15,000.
For lawyers who started at the firm in the classes of 2011 and 2012, they have the opportunity to pick up bonuses of $100,000 – the same as the firm has offered for the past five years.
All bonuses are to be paid in January 2020.
The firm follows in the footsteps of Milbank, which beat the rush of firms announcing associate bonuses last Thursday (November 7), with Cravath following suit yesterday (November 11) to match Milbank's rate.
A battle to offer the best compensation packages to junior lawyers has been growing fiercer in recent years. Earlier this year, CC boosted its pay for its newly qualified lawyers in London to £100,000 inclusive of bonuses, as law firms battle to stay competitive in the City by raising rates for junior lawyers.
Clifford Chance U.S. associate bonus scale in full
2019 – $15,000 (pro-rated)
2018 – $15,000
2017 – $25,000
2016 – $50,000
2015 – $65,000
2014 – $80,000
2013 – $90,000
2012 – $100,000
2011 and senior – $100,000
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Malaysia’s Shearn Delamore Set To Expand Local Footprint With New Office Launch
CMA Uses New Competition Powers to Investigate Google Over Search Advertising
‘A Slave Drivers' Contract’: Evri Legal Director Grilled by MPs
Trending Stories
- 1AI's Place in Big Law Broadens, As Firms Embrace Fresh Uses of the Technology
- 2Critical Mass With Law.com’s Amanda Bronstad: First Lawsuits Over Los Angeles Wildfires Name Edison, J&J Talc Trial in Los Angeles Delayed As Fires Rage
- 3Five Key Predictions on How AI Will Reshape Law Firms in 2025
- 4Congress Should Reconsider the Laken Riley Act
- 5Manhattan DA Says Trump's Ongoing State and Federal Appeals Are Now Moot
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
