Milbank Leads the Charge in Associate Bonuses Amid Cost-Cutting Trends in Big Law Firms
New York, NY — Milbank LLP has once again taken a pioneering step in the legal industry by initiating a new round of associate bonuses, despite evident market shifts that suggest a cooling demand for junior lawyers. The Manhattan-based firm has bolstered its reputation by offering up to an extra $140,000 in bonuses, a move quickly matched by at least five other major law firms with several more expected to follow suit. This approach marks the second consecutive year that Milbank has led with such an early announcement of additional year-end payouts. While these bonuses … Read more