Cravath's recent announcement of a full Milbank match for bonuses has prompted firms like Paul Hastings to follow suit, matching the scale for both year-end and special bonuses.
Paul Hastings reported impressive financials with $1.81 billion in gross revenue and $5.39 million in profits per equity partner for the year 2023.
The structured bonus scale at Paul Hastings reflects a consistent approach with the Milbank model, highlighting notable amounts across various classes with increases for seniority.
Congratulations are in order for everyone at Paul Hastings as they align their bonuses with those offered at Milbank, setting a competitive standard in Biglaw.
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