Slaughter and May has announced that it will hand out end-of-year associate bonuses of up to 16%, alongside an increase in pay rates for junior lawyers and trainees.

The bonuses, which the firm said it will pay to “associates achieving a good or exceptional level of performance”, will see newly-qualified lawyers receive a 9% bonus, while associates with between four-and-a-half and six-and-a-half years’ post-qualification experience (PQE) will take home a 16% bonus.