Clifford Chance US associates get pay boost and bonus as firm matches Cravath's rates

Magic circle firm's US associates will now be paid between $190,000 and $350,000

Clifford Chance (CC) is raising its salaries for US associates to match the rates set by Cravath Swaine & Moore earlier this week, as well as paying out summer bonuses of up to $25,000 (£19,000).

The magic circle firm will match the associate pay rates announced on Monday (11 June) by Cravath, which itself surpassed the pay scale set by Milbank Tweed Hadley & McCloy a fortnight ago.

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