Home

Milbank Falls In Line On Bonuses
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

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.

  
What
Where




 

RELEVANT JOBS

Corporate Attorney - Partner Level - REMOTE

USA-NY-New York City

DBM LEGAL SERVICES – BUSINESS ATTORNEY  REMOTE OVERVIEW  DBM is assembling a ...

Apply now

Civil Litigation Attorney

USA-TX-Houston

Civil Litigation Attorney Brent Coon & Associates is seeking an attorney with 5-10 years litigati...

Apply now

Associate Attorney

USA-PA-Newtown

Stuckert & Yates is a full-service, community-centric law firm located in Newtown, Bucks County, Pen...

Apply now

Commercial Real Estate Attorney

USA-NY-New York City

Six or more years of sophisticated law firm experience working on commercial real estate purchase an...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Associate Attorney needed for Los Angeles office

USA-CA-Los Angeles

Los Angeles office of a BCG Attorney Search Top Ranked Law Firm seeks an associate attorney with 1-4...

Apply Now

Bankruptcy Associate Attorney

USA-MA-Boston

Boston office of a BCG Attorney Search Top Ranked Law Firm seeks a bankruptcy associate attorney wit...

Apply Now

Bankruptcy Associate Attorney

USA-CA-Los Angeles

Los Angeles office of a BCG Attorney Search Top Ranked Law Firm seeks a bankruptcy associate attorne...

Apply Now

SEARCH IN ARCHIVE

To Top