Slaughter and May has halved its flat rate bonus for all fee earners and confirmed that its salary freeze will continue for the remainder of the financial year.
The magic circle firm announced yesterday (29 October) that all fee earners, associates and trainees will receive a bonus equating to 5% of salary in December – half of the 10% paid out last year. Support staff will not see any reduction to their bonus of 2.5% of salary.
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