Paul Weiss Rifkind Wharton & Garrison has become the latest New York leader to unveil its end-of-year bonuses, with rates from $30,000 (£15,572) for first years associates to $60,000 (£30,954) for senior associates.

The firm announced its rates yesterday (9 December) – in a move that saw the litigation powerhouse match Simpson Thacher & Bartlett, which raised the bar on Wednesday (8 December) by setting its top rate at $60,000 (£30,954).