Slaughter and May awards bonuses on performance

December 6, 2013 Slaughter and May has dropped its fixed bonus system in favour of a discretionary and performance-related system.

In previous years associates at Slaughter and May received a fixed bonus, which was 5% of salary last year. Under the new system, associates will need to have notched up a "good or exceptional level of performance" in order to qualify for a full bonus. Those whose work "falls short of the level of achievement that we would expect" will get reduced amounts.

Bonuses will be staggered depending on seniority, with 4.5+ PQE lawyers becoming eligible for 12% or their salary. Trainees and support staff will still all receive a flat rate bonus of 3% which.
 
A full list of the upper range for each level of experience is below:

Trainees and support staff - 3%
 
NQs up to 6 months PQE - 6%
 
1-2 PQE - 8%
 
2.5 - 4 PQE - 10%
 
4.5 to 6.5 PQE - 12%
 
6.5 PQE + - 0%, because associates will either have been made up or exited the building

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