Follows related strikes made by HSF, Simmons and Bevan Brittan
Clifford Chance joins quite a lot of legislation corporations in handing legal professionals and workers bonuses in recognition of their efforts all through the coronavirus pandemic.
The magic circle agency is awarding all of its workers globally a one-off bonus amounting to five% of their wage. The sum is along with different wage and bonus critiques.
Matthew Layton, world managing accomplice at Clifford Likelihood, stated: “Over a unprecedented 12 months, and within the face of typically immense private challenges, our individuals have persistently gone the additional mile to help our purchasers and to help one another. I couldn’t be prouder of our crew right here at Clifford Likelihood.”
Earlier this week, Herbert Smith Freehills additionally introduced that it could present an extra 5% bonus to all workers. CEO Justin D’Agostino stated the particular fee to each worker throughout its world community was in recognition of their “dedication and laborious work” within the face of “the super disruption and challenges skilled within the final 12 months”.
Simmons & Simmons introduced yesterday it’s awarding workers of all ranges with a £1,000 one-off bonus in recognition of “the contribution that everybody has made to supporting the agency and its purchasers all through these troublesome instances”. The bonus is along with the agency’s present bonuses and remuneration buildings.
In the meantime, Bevan Brittan introduced pay rises and ‘thanks’ bonuses for all workers final week. The agency stated they’ll obtain a 3% pay rise this month, with an extra 3% bonus to be utilized to the final six months of pay. “Each the extra improve and the thanks bonus recognise and reward our workers for his or her professionalism, resilience and the way they’ve been capable of proceed to offer wonderful help for all our purchasers in probably the most difficult of circumstances,” stated managing accomplice Duncan Weir.
Metropolis legislation agency financials have held up remarkably effectively within the face of the financial downturn introduced by the coronavirus. Many have posted upbeat monetary ends in current months and have begun to reverse the stringent measures launched initially of lockdown. It’s probably we’ll be listening to extra legislation corporations rewarding their workers with one-off sums of cash, thanking them for his or her work, within the coming weeks.