Summer Surprise: Milbank Announces Special Bonuses Up To $25K
Milbank has issued special bonuses of up to $25,000 to associates and special counsel, marking the third consecutive year for such payments.
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The brief
Milbank has announced the distribution of special bonuses to its associates and special counsel. According to Bloomberg Law News, these payments reach up to $25,000.
Coverage from Law.com, Law360, and Above the Law emphasizes that this is the third year in a row the firm has provided these special bonuses. Above the Law further notes a broader industry tension regarding Biglaw firms waiting for Cravath to set precedents.
Future developments may center on whether other firms follow Milbank's lead, as coverage suggests a push for Biglaw to stop waiting for Cravath.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated just now.
Quick answers
How much are the Milbank special bonuses?
The bonuses are up to $25,000.
Who is eligible for these payments?
The bonuses are being issued to associates and special counsel.
Is this a new practice for Milbank?
No, according to Law.com, this is the third year in a row the firm has doled out special bonuses.
Coverage (6)
- Associates at law firm Milbank to get 'special' bonuses on top of salary hike Reuters · 4h ago
- Enough Already: Biglaw Needs To Stop Waiting For Cravath Above the Law · 4h ago
- Milbank Issues Bonuses To Associates, Special Counsel Law360 · 4h ago
- Milbank Doles Out Special Bonuses for Associates, For Third Year in Row Law.com · 4h ago
- Milbank Pays Up to $25,000 in Bonuses to Law Firm’s Associates Bloomberg Law News · 4h ago
- Summer Surprise: Milbank Announces Special Bonuses Up To $25K Above the Law · 4h ago
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