Linklaters has confirmed its 2008 year-end bonuses for US associates – matching magic circle rivals Clifford Chance (CC) and Allen & Overy (A&O) and many Wall Street leaders by halving last year’s bonus rates.

Linklaters told associates before Christmas that they will be awarded bonuses ranging between $17,500 (£11,900) and $32,500 (£22,200) depending on seniority. Counsel will be awarded bonuses of up to $40,000 (£27,300).