"Cravath may have been the first in Biglaw to announce their year-end bonuses, but they're not the only compensation heavies! Spectators were waiting to what a comp leader, like Milbank, would do now that bonus season has officially arrived. You'll recall Milbank led the charge on 2025 special bonuses (paying them to associates in September), so would they lead again at year-end or just play follow the leader?"
"The bonuses will be paid on December 31st. Congratulations to associates on your bonuses. So, is your firm matching *both* the year-end and special bonuses? Let Above the Law know! We depend on your tips to stay on top of important bonus updates, so when your firm matches (or if they fail to do so), please text us (646-820-8477) or email us (subject line: "[Firm Name] Matches")."
Milbank announced year-end bonuses that match the prevailing industry standard scale first set by Cravath. Milbank previously paid 2025 special bonuses to associates in September and now matched the industry numbers for year-end awards. The bonuses will be paid on December 31. Associates are congratulated on receiving the payments. Above the Law requests confirmations about whether firms match both year-end and special bonuses and asks for memos or photos via text at 646-820-8477 or by email with subject line '[Firm Name] Matches'. Tips and contact details are provided for submitting bonus updates.
Read at Above the Law
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