Junior lawyers in the London offices of US firms are gearing up for an end of year bonus season that could see them showered with cash, as firms try to hold on to their staff in a tight market for talent.
New York firm Paul Weiss has already made the first move, announcing “discretionary special bonuses” to be paid this month on top of year-end bonuses, according to a 27 October memo sent to junior lawyers by the firm’s chair Brad Karp and seen by Financial News.
