Lawyer Pay
This BigLaw agency pays summer time bonuses of as much as $25K
Taking the BigLaw lead, Milbank has introduced that it’s going to pay summer time bonuses to associates and counsel starting from $6,000 to $25,000. (Picture from Shutterstock)
Taking the BigLaw lead, Milbank has introduced that it’s going to pay summer time bonuses to associates and counsel starting from $6,000 to $25,000.
Milbank additionally paid summer time bonuses final 12 months with the identical vary.
Legislation.com and Above the Legislation have protection of the brand new announcement.
Milbank apparently was the one BigLaw agency final 12 months that introduced summer time bonuses and was the primary to announce year-end bonuses starting from $15,000 to $115,000. However many different giant legislation corporations matched each bonuses on the finish of the 12 months.
That is Milbank’s new summer time bonus scale, in keeping with the articles.
Class of 2025: $6,000
Class of 2024: $6,000
Class of 2023: $10,000
Class of 2022: $15,000
Class of 2021: $20,000
Class of 2020: $25,000
Class of 2019: $25,000
Class of 2018: $25,000
Class of 2017 and past: $25,000
Particular counsel: $25,000
The bonuses might be paid by Sept. 30 to associates and particular counsel in good standing and might be prorated primarily based on 2025 begin dates.
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