Freeze put on year-end bonuses for associates at largest New York firms
New York's biggest firms have refused to increase their year-end associate bonuses, sticking to around $30,000 (£15,500) for newly-qualified lawyers and $65,000 (£33,500) for senior associates.Milbank Tweed Hadley & McCloy was the first firm to announce its year-end bonus for 2006. Its decision to match its 2005 offering was quickly replicated by several other top US firms, including Cravath Swaine & Moore and Cadwalader Wickersham & Taft.
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