Ed. observe: Welcome to our day by day characteristic, Quote of the Day.
There’s a brand new pecking order on the prime of [Biglaw]. This helps separate the wheat from the chaff by way of those that compete on the very prime. Some companies can’t afford to not observe.
— Peter Zeughauser, a authorized guide with the Zeughauser Group, in feedback given to Law360 Pulse, regarding the probability that different companies will match Milbank’s beneficiant summer time bonuses. Milbank’s bonuses vary from $6,000 to $25,000, based mostly on class 12 months. Whereas no different Biglaw companies have matched, so far, 4 different companies have introduced their very own summer time bonuses: Vartabedian Hester & Haynes ($5,000), Otterbourg ($15,000), Bell Nunnally (as much as $15,000), and Hueston Hennigan ($10,000 to $30,000, based mostly on billable hours).
Staci Zaretsky is the managing editor of Above the Regulation, the place she’s labored since 2011. She’d love to listen to from you, so please be happy to electronic mail her with any suggestions, questions, feedback, or critiques. You’ll be able to observe her on Bluesky, X/Twitter, and Threads, or join together with her on LinkedIn.
