Milbank's recent introduction of summer bonuses for associates, ranging from $6,000 to $25,000, showcases the firm's strategy to attract and retain talent amid a competitive legal landscape. Meanwhile, the lateral market for Biglaw partners is heating up, with numerous high-profile moves taking place this summer. However, some individuals are facing challenges in this market due to hurdles such as due diligence, which can complicate the lateral movement process.
Milbank's decision to offer special summer bonuses ranging from $6,000 to $25,000 for associates reflects a strategic approach to attract and retain talent in a competitive legal market.
The lateral market for Biglaw partners is experiencing significant activity this summer, indicating a high demand for experienced legal professionals in top firms.
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