Lawyers Weekly Australia reports
Global law firm Clifford Chance is the latest BigLaw firm to remunerate staff with one-off bonuses in the wake of the pandemic.
In recognition of its staff having gone “the extra mile” since the onset of the COVID-19 pandemic, Clifford Chance has announced it will issue one-off payments of 5 per cent of salary, consistent across the firm, to all staff members.
The news follows a move by Herbert Smith Freehills last week, in which it pledged to make a one-off financial payment to all staff, amounting to 5 per cent of an individual’s salary, which will be made in addition to the firm’s usual 2021 bonus round.
