Milbank’s Year-End Bonuses Bring Pressure on Big Law to Match

Big Law’s bonus season arrives with some additional intrigue this year, thanks to early moves by Milbank LLP to hand out extra payments to associates.

The Manhattan-founded firm said on Monday that it will pay associates annual bonuses ranging from $15,000 to $115,000, the same scale used by major firms last year. The announcement comes as firms have yet to match the extra $6,000 to $25,000 in special bonuses that Milbank rolled out over the summer.

The stage is now set to see what the rest of the Big Law firms do when it comes to associate ...