Desperately Seeking A Milbank Match: When Will The Waiting Game End?
Briefly

They'll wait to see what the other firms are doing. But I would be surprised if they didn't quickly follow suit. It's just more of a collective mentality among law firms. They feel the need to be matching what the top most profitable firms are doing to remain competitive for top law students.
New York's elite firms will officially kick off bonus season, and it's unlikely that D.C. firms are 'going to be leading the charge.'
Read at Above the Law
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