Ed. note: Welcome to our daily feature, Quote of the Day.
If any firm is going to raise Cravath, it’s going to be a firm like Milbank or a firm with a top-of-market M&A practice.
— David Nicol, head of the US practice for recruiting firm Marsden, in comments given to Bloomberg Law, concerning Milbank’s silence thus far during Biglaw’s 2025 bonus season. The elite firm is known for being a compensation leader, often leading the pack when it comes to salary increases and bonus announcements.
Staci Zaretsky is the managing editor of Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.
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