Top 50 U.K. law firm Bird & Bird is to pay out a bonus to some of its U.K. staff as the cost of living spirals.
The firm will hand out a one-off payment in July to those with a salary of £50,000 and below which will amount to £1,000, after tax and national insurance payments have been made.
The cost of living in the U.K. has leapt in recent months, as inflation has risen steeply and the economy’s growth has slowed.
In a statement on Monday, Bird & Bird said the bonus would be paid out to over 300 employees, including business support staff and trainees.
The statement added that the payment would be made to “help with rising living costs… and is in addition to the firm’s recent salary adjustment for inflation and usual bonus payments.”
In February, Bird & Bird increased pay for its junior lawyers for the first time in two years. It pays its NQs £88,000, while first year trainees at the firm take home £45,000 and second year trainees receive £50,000.