Cravath may have been the first in Biglaw to announce their year-end bonuses, but they’re not the only compensation heavies! Spectators were waiting to what a comp leader, like Milbank, would do now that bonus season has officially arrived. You’ll recall Milbank led the charge on 2025 special bonuses (paying them to associates in September), so would they lead again at year-end or just play follow the leader?
Well, we have our answer. Today, Milbank announced year-end bonuses and they are a match of the industry standard numbers.
The bonus scale is as follows:
The bonuses will be paid on December 31st. Congratulations to associates on your bonuses.
Read the full memo below.
So, is your firm matching *both* the year-end and special bonuses? Let Above the Law know! We depend on your tips to stay on top of important bonus updates, so when your firm matches (or if they fail to do so), 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.
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 or Mastodon @Kathryn1@mastodon.social.
The post Milbank Breaks Their Silence On Year-End Bonuses appeared first on Above the Law.