Simpson Thacher matches Milbank salary scale and pays out mid-year bonuses of up to $25,000

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English law-qualified associates in US firm’s London office will also receive proportionate pay increases

Simpson Thacher & Bartlett has told its associates that it will raise their salaries to match the scale set by Milbank Tweed Hadley & McCloy this week, while also giving them a summer bonus, according to an internal firm memo obtained from a source.

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