Milbank begins US BigLaw bonus season

An elite corporate firm begins the bonus season early for BigLaw associates in the US

Milbank begins US BigLaw bonus season

Milbank has officially begun the bonus season for BigLaw associates in the US.

The announcement from the elite Wall Street firm came early, according to Above the Law (ATL), which got hold of the memo written by firm chairman Scott Edelman announcing this year’s bonus scale. The publication said that this is the earliest that BigLaw bonuses have been announced since 2009.

The announcement is also notable, with ATL even saying it is an “even bigger shocker,” because typical first-mover Cravath Swaine & Moore was beaten to the punch by Milbank. This isn’t the first time Cravath was outdone by Milbank, however, as the latter was the firm that set the US$190,000 salary scale for associates in New York last year.

The Milbank yearend bonuses start at US$15,000 and top out at US$100,000. Here’s the full scale:

  • Class of 2019 – US$15,000
  • Class of 2018 – US$15,000
  • Class of 2017 – US$25,000
  • Class of 2016 – US$50,000
  • Class of 2015 – US$65,000
  • Class of 2014 – US$80,000
  • Class of 2013 – US$90,000
  • Class of 2012 – US$100,000
  • Class of 2011 – US$100,000

It’s worth mentioning that these were the same bonuses paid by the firm last year, ATL said. The firm will pay the bonuses on or before 31 December.


Recent articles & video

New metric developed to assess socioeconomic challenges of US law school applicants

American Bar Association to examine accreditation standards for online law schools

International law firm to fund neurodiversity assessments and support for employees

Yoorrook Justice Commission CEO is new Human Rights Commission president

Victorian, Queensland Supreme Courts publish guidelines for AI use

MinterEllison expands consulting team with seven partners

Most Read Articles

NSW Supreme Court sets trial date for landmark strip search class action

K&L Gates Advises Centuria on acquisition of massive glasshouse in Victoria

Hall & Wilcox assists Tobii Dynavox to acquire Link Assistive for $13m

Pearce IP's AU litigation head shares the most important lesson she learned from her old job