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