Spice Route Legal has announced its yearly compensation structure for Financial Year (FY) 2024-25. .The revised annual salaries range from ₹16.2 lakh per annum for a Band 1 associate to ₹90 lakh per annum for a counsel (inclusive of bonuses)..Below is a table of the new pay structure at the firm:.For Associates within the firm, categorized into four bands, the annual compensation, excluding bonuses, will range from ₹12 lakh to ₹27 lakh. The yearly bonus for Associates will range from ₹4.2 lakh to ₹9.45 lakh.Senior Associates, also classified into four bands, will receive yearly compensation excluding bonuses ranging from ₹33.6 lakh to ₹43.2 lakh. The higher-end yearly bonus for Senior Associates will range from ₹16.8 lakh to ₹21.6 lakh.Counsel will be compensated with salaries ranging from ₹54 lakh to ₹60 lakh annually, exclusive of bonuses. The higher-end yearly bonus for counsels will range from ₹27 lakh to ₹30 lakh..The firm had disclosed salary scales for its Associates last year as well..Follow Bar and Bench channel on WhatsAppDownload the Bar and Bench Mobile app for instant access to the latest legal news.
