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Clifford Chance (CC) and Allen & Overy (A&O) are the first magic circle firms to reveal associate bonuses in the US, handing out top-level associate bonuses of $100,000 (£74,000) for the fourth year running.

CC and A&O have laid out a scale for associate bonuses that matches the rates revealed by US firm Cravath Swaine & Moore on Monday (27 November), meaning the trio will both pay out $15,000 (£11,000) to its most junior associates and $100,000 (£74,000) to those who joined in 2009 and 2010.

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