Let the Biglaw matches commence!
Woohoo! The Biglaw spring bonus wars are heating up!
Fresh off of news that Willkie Farr was handing out special spring bonuses in appreciation of associates’ hard work during a particularly trying period, and Davis Polk’s decision to outdo that generosity, Milbank has decided to throw their hat into the ring.
Today, the firm announced their own spring bonuses and matched the scale set by Davis Polk. The bonus distributions will be as follows:
| April | September | Total | |
| Class of 2020 | $4,500 | $7,500 | $12,000 |
| Class of 2019 | $6,000 | $10,000 | $16,000 |
| Class of 2018 | $12,000 | $20,000 | $32,000 |
| Class of 2017 | $16,500 | $27,500 | $44,000 |
| Class of 2016 | $19,500 | $32,500 | $52,000 |
| Class of 2015 | $22,200 | $37,000 | $59,200 |
| Class of 2014 | $24,000 | $40,000 | $64,000 |
| Class of 2013 | $24,000 | $40,000 | $64,000 |
Bonuses will be paid by April 30 / September 30, 2021. And yes, there will still be regular, end-of-the-year bonuses at Milbank: “These special bonuses will not impact any discretionary bonus paid in respect of 2021.” The firm announcement went on to note, associates can continue to expect big bucks come year-end bonus time too, saying, “We expect our year-end bonus will be no less than the 2020 year-end bonus levels for eligible associates.”
The full memo is available on the next page.
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Kathryn Rubino is a Senior Editor at Above the Law, and host of The Jabot podcast. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).
