BigLaw Bonus Season Begins, and Some Associates Aren’t Happy
Biglaw firm Milbank was the first to announce its associate bonuses this season.
The scale at Milbank is the same as last year’s, Above the Law reports. The bonuses range from $15,000 to $100,000 and will be paid on Dec. 31, according to senior editor Staci Zaretsky.
And that lack of an increase is causing some negative feedback, writes Above the Law’s executive editor Elie Mystal:
“Based on my inbox, associates are not exactly thrilled about the extra $15,000 to $100,000 this scale provides. Of particular issue is the fact that in 2018, associates got summer bonuses. In 2019, they did not. So, in overall bonus compensation, a same-scale bonus actually results in less compensation for associates.”
Read the Above the Law articles here and here.
