Clifford Chance matches Cravath bonus scale

December 14, 2012 UK firm Clifford Chance is set to match the bonus scale set by Cravath Swaine & Moore, with plans to pay the bonus to associates on 15 January 2013.

Clifford Chance matched the New York standard last year also, and this year’s bonuses are no surprise for industry observers. One source told Above the Law that: “There was no way the firm was ever going to try to beat any of the other firms; although very much an international firm, it has a British mothership and it just tries to match the New York market to keep in the New York market.”

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