BREAKING: Milbank Leads The Associate Bonus Race

Woohoo! Milbank is not messing around with associates’ money. Fresh off the market-leading summer bonuses (months later associates at other firms are still waiting patiently for their cash), the firm is leading on bonuses again. Today, Milbank became the first major Biglaw firm to announce their year-end bonuses. And they are sure to improve the spirits of associates there.

The following bonus scale, which mirrors last year’s, was announced at the firm:

The timing of the announcement is in line with what the firm did last year (November 7, 2023), but it took three weeks for Cravath to announce their own bonuses. So the industry might have a little bit longer to wait for more bonus news.

Associates in good standing at Milbank will be get their bonuses by December 31st.

So, what’s going on at at your firm? If your firm announces year-end bonuses (or FINALLY matches those summer ones), please let us know ASAP, so we can shout the news from the rooftops — let’s get the bonus party started.

Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Matches”). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.

And if you’d like to sign up for ATL’s Bonus Alerts (which is the alert list we also use for salary announcements), please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish. Thanks for all of your help!

Read the full memo below.

Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter @Kathryn1 or Mastodon @[email protected].

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