Christmas comes early at some firms
Linklaters is giving a one-off payment of 5% of salary to all staff worldwide, except the partners. The bonus is being paid to thank staff, and is in addition to other salary reviews and performance-related bonuses, and does not replace them.
RollOnFriday understands that the firm's UK secretaries who accept the voluntary redundancy programme will still be entitled to receive the bonus.
The 5% bonus from Linklaters mirrors payments dished out by Clifford Chance and Herbert Smith Freehills to their staff, and piles more pressure on other City firms to reward their staff with a Covid-bonus.
Addleshaw Goddard is giving a bonus of £1,500 (or equivalent outside of the UK) to all its staff, except partners. The one-off payment will be in addition to other annual salary and bonus reviews.
"The last 12 months have been like no other but even with all the competing demands on people, the teamwork and spirit shown by everyone in our business has been incredible," said Nikki Lawson, Addleshaw Goddard's HR Director.
Lawson added that the payment was being made as a "thank you" for the way "everyone has responded to the exceptional challenges we have faced and for the support given to our clients".