Trading Places: Credit Suisse bosses lose bonuses, Kirkland partners get boost, pay gap offenders revealed

The Swiss government slashed bonuses for top managers at Credit Suisse by tens of millions of dollars after the lender’s $3.2bn fire sale to rival UBS. The Swiss Federal Council said it would wipe out all outstanding variable remuneration for Credit Suisse’s executive board.

Average equity partner pay at Kirkland & Ellis climbed by nearly 2% last year to $7.5m despite a slowing market for top law firms. The Chicago-headquartered firm’s revenue grew nearly 8% to $6.5bn in 2022, according to an American Lawyer report.

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