Clifford Chance has adapted how it calculates its associate bonuses in what is being described as a “move towards” a more U.S.-style associate bonus pay structure, according to several people close to the matter.
One of the people said that, while the firm continues to champion “well-rounded” performances from its juniors, the move is designed to better reward associates “in times of exceptional demand”, who will receive payouts more “commensurate to compensation available at U.S. firms”.
