US bonuses: Magic Circle follows Wall Street standard with bonus freeze as associate reward season comes round again

Allen & Overy and Clifford Chance have kept top-level US associate bonuses static at $100,000 for the fourth consecutive year, in line with Wall Street giant Cravath, Swaine & Moore’s recent announcement.

The Magic Circle firms are awarding year-end bonuses of $ 100,000 for 2009 and 2010 US associates and $90,000 for 2011 lawyers, A&O and CC both confirmed.

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