Milbank has matched the pandemic-related associate bonuses handed out by Davis Polk & Wardwell earlier this week with a further 50% payout to lawyers who have worked extra long hours during the virus crisis.
The one-time bonuses will be reduced by 50% for associates who worked less hours than their peers, the firm’s chair, Scott Edelman, announced in an internal memo sent Wednesday and obtained by Bloomberg Law.
Edelman wrote the bonuses were paid “in light of our success” during the pandemic and out of gratitude for the associates’ work despite “unprecedented challenges.”
“In determining the amounts of the bonus, ...