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Company, from a lateral affiliate standpoint, is so-so, until you’re speaking about something associated to finance, and due to this fact I don’t suppose corporations will probably be compelled to problem a summer season 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 decision to offer summer 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, so far, three different corporations have introduced their very own summer season 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 happy to email her with any suggestions, questions, feedback, or critiques. You possibly can observe her on Bluesky, X/Twitter, and Threads, or join together with her on LinkedIn.
