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Company, from a lateral affiliate standpoint, is so-so, until you’re speaking about something associated to finance, and subsequently I don’t assume corporations might be compelled to difficulty a summer time bonus until one other New York agency like Cravath or Sullivan & Cromwell follows Milbank. I feel you want a second shoe to drop.
— Matt Schwartz, a recruiter with Garrison, in feedback given to the American Lawyer, regarding Milbank’s determination to supply summer time bonuses to associates and counsel globally. Milbank’s bonuses vary from $6,000 to $25,000, relying on class yr. Whereas no different Biglaw corporations have matched, up to now, three different corporations have introduced their very own summer time bonuses: Vartabedian Hester & Haynes ($5,000), Otterbourg ($15,000), and Hueston Hennigan ($10,000 to $30,000).
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 at liberty to e-mail her with any ideas, questions, feedback, or critiques. You may observe her on Bluesky, X/Twitter, and Threads, or join along with her on LinkedIn.
