L&L makes up for PQE freeze with 7% Covid bonus increment
L&L Partners has paid an unexpected additional bonus of 7% of annual 2020-21 financial year fixed remuneration of non-fresher and non-litigation associates.
While the amount is described as an increment to base remuneration, a spokesperson confirmed that this was only retrospective and would be paid in a one-off lump sum but would not apply to future remuneration, such as in the current 2021-22 financial year.
The firm spokesperson also confirmed that the increment-cum-bonus would only apply to “Eligible Associates, senior associates and managing associates”.
That specifically excludes freshers who have just joined the firm in the last 12 months and “is applicable from the date of completion of one year in firm”.