Milbank Rushes Into The Year-End Bonus Fray
Big bonuses are dominating Biglaw!
What Biglaw associate doesn’t love bonus season? It’s a nice fat check that says the firm appreciates all of the effort and hours (and HOURS) you put into the year.
Now Milbank has enter the bonus conversation.
With $1,359,000,000 in revenue last year, the firm picked up the 31st spot on the Am Law 100. And it looks like the firm is using the cash to reward associates for their hard work by matching the prevailing market bonuses.
The bonus scale at Milbank is as follows:
Bonuses will be paid by December 31 to associates in good standing at the firm. Unlike some of their peer firms, both the class of 2015 and 2014 are on the bonus scale. Bonuses for special associates will be individualized. You can read the full memo on the next page.
Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Matches”). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.
And if you’d like to sign up for ATL’s Bonus Alerts (which is the alert list we also use for salary announcements), please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish. Thanks for all of your help!
Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).
