Slaughters associates, trainees to pocket firmwide 15 per cent bonus

Slaughter and May has introducedadiscretionary bonus of 15 per cent for all associates and trainees as part of its biannual pay review.

Salaries have been raised by 12-15 per cent for associates at all levels. Senior partner Tim Clark said: Since our May 2006 review the market had moved and wed dropped back. We didnt want to be in that position.

Newly qualified associates salaries move up to 60,000 from 1 November. First-year trainee salaries go up from 31,000 to 34,000, while second-year trainees will now receive 38,000, up from last years 34,500.

Unlike most other top-10 City firms, Slaughters bonus is not performance-related. It also has no chargeable hours targets. It is discretionary because it is not obligatory, but if the firm awards a bonus all associates and trainees will receive the full 15 per cent.