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Juniors are in line for another set of bonuses in a competitive market for legal talentPhoto: Daniel Acker/Bloomberg/Getty Images

City lawyers at US law firm Cravath, Swaine & Moore are set to receive annual bonuses of up to £106,000, piling pressure on Big Law rivals to follow suit.

The New York firm has internally announced that year-end bonuses will range from £11,400 for its first year associates to £87,000 for its most senior associates, according to a person familiar with the matter.