Free Market Evaluation - Send us your resume and we will give you free feedback
Former Sony Employees Sue for Data Hack
Former Sony Employees Sue for Data Hack
Oklahoma and Nebraska File Case in Supreme Court over Marijuana Legalization
Oklahoma and Nebraska File Case in Supreme Court over Marijuana Legali...
James Holmes’ Parents Ask Court to Spare His Life
James Holmes’ Parents Ask Court to Spare His Life
Ban on Cuban Cigars to be Lifted in United States
Ban on Cuban Cigars to be Lifted in United States
Legal Job Listings

Milbank Falls In Line On Bonuses

milbankMilbank will pay associate bonuses on what is rapidly becoming known as the Cravath scale.  For the second year in a row, Cravath started bonus season off with bonuses far below those of two years ago, and firms have hastily fallen in behind issuing bonuses at the same rate.  With numbers matching exactly there isn’t even a pretense that the bonuses are reflective of the firm’s actual profits for the year, and all three firms that have announced bonuses so far this year have said that nearly every associate will receive the full bonus, which means that they are no longer even pretending that the bonuses are conditional on an associate’s individual contribution to the firm.

First year associates will receive a bonus of $7,500 and seventh years will get $35,000.  For most classes, these bonuses are exactly the same as last year’s, with only seventh year associates getting bumped up from $30,000.

But it’s still early and most firms have yet to announce their year end bonuses.  Maybe they’ll surprise us.

Milbank Falls In Line On Bonuses by

Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Tagged: , , , , , , , , , ,

Posted by on November 24, 2010. Filed under Home,Legal News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

 

 

Job of the Day
Legal Assistant / Secretary - Bilingual
USA-GA-Gainesville

~~Rapidly expanding General Law Firm seeking a Legal Assistant/Secretary to join our team at our Gainesville, Georgia location !  Our firm is a goal/target oriented, fast-paced environment with a...

Related Posts: