{"id":130215,"date":"2025-08-11T13:42:00","date_gmt":"2025-08-11T21:42:00","guid":{"rendered":"https:\/\/xira.com\/p\/2025\/08\/11\/biglaws-waiting-for-a-second-shoe-to-drop-before-matching-milbanks-summer-bonuses\/"},"modified":"2025-08-11T13:42:00","modified_gmt":"2025-08-11T21:42:00","slug":"biglaws-waiting-for-a-second-shoe-to-drop-before-matching-milbanks-summer-bonuses","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2025\/08\/11\/biglaws-waiting-for-a-second-shoe-to-drop-before-matching-milbanks-summer-bonuses\/","title":{"rendered":"Biglaw\u2019s Waiting For \u2018A Second Shoe To Drop\u2019 Before Matching Milbank\u2019s Summer Bonuses"},"content":{"rendered":"

Ed. note<\/u>: Welcome to our daily feature, Quote of the Day<\/a>.<\/em><\/p>\n

Corporate, from a lateral associate standpoint, is so-so, unless you\u2019re talking about anything related to finance, and therefore I don\u2019t think firms will be compelled to issue a summer bonus unless another New York firm like Cravath or Sullivan & Cromwell follows Milbank. I think you need a second shoe to drop.<\/strong><\/p>\n

\u2014 <\/i>Matt Schwartz, a recruiter with Garrison<\/strong>, in comments given to the American Lawyer<\/a>, concerning Milbank\u2019s decision to offer summer bonuses<\/a> to associates and counsel globally. Milbank\u2019s bonuses range from $6,000 to $25,000, depending on class year. While no other Biglaw firms have matched, thus far, three other firms have announced their own summer bonuses: Vartabedian Hester & Haynes<\/a> ($5,000), Otterbourg<\/a> ($15,000), and Hueston Hennigan<\/a> ($10,000 to $30,000).<\/em><\/strong><\/p>\n

\n
\"Staci
<\/figcaption><\/figure>\n

Staci Zaretsky<\/a>\u00a0is the managing editor of Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on\u00a0Bluesky<\/a>,\u00a0X\/Twitter<\/a>, and\u00a0Threads<\/a>,\u00a0or connect with her on\u00a0LinkedIn<\/a>.<\/em><\/strong><\/p>\n

The post Biglaw\u2019s Waiting For \u2018A Second Shoe To Drop\u2019 Before Matching Milbank\u2019s Summer Bonuses<\/a> appeared first on Above the Law<\/a>.<\/p>\n

\"\"<\/figure>\n

Ed. note<\/u>: Welcome to our daily feature, Quote of the Day<\/a>.<\/em><\/p>\n

Corporate, from a lateral associate standpoint, is so-so, unless you\u2019re talking about anything related to finance, and therefore I don\u2019t think firms will be compelled to issue a summer bonus unless another New York firm like Cravath or Sullivan & Cromwell follows Milbank. I think you need a second shoe to drop.<\/strong><\/p>\n

\u2014 <\/i>Matt Schwartz, a recruiter with Garrison<\/strong>, in comments given to the American Lawyer<\/a>, concerning Milbank\u2019s decision to offer summer bonuses<\/a> to associates and counsel globally. Milbank\u2019s bonuses range from $6,000 to $25,000, depending on class year. While no other Biglaw firms have matched, thus far, three other firms have announced their own summer bonuses: Vartabedian Hester & Haynes<\/a> ($5,000), Otterbourg<\/a> ($15,000), and Hueston Hennigan<\/a> ($10,000 to $30,000).<\/em><\/strong><\/p>\n

\n
\"Staci
<\/figcaption><\/figure>\n

Staci Zaretsky<\/a>\u00a0is the managing editor of Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on\u00a0Bluesky<\/a>,\u00a0X\/Twitter<\/a>, and\u00a0Threads<\/a>,\u00a0or connect with her on\u00a0LinkedIn<\/a>.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Ed. note: Welcome to our daily feature, Quote of the Day. Corporate, from a lateral associate standpoint, is so-so, unless you\u2019re talking about anything related to finance, and therefore I don\u2019t think firms will be compelled to issue a summer bonus unless another New York firm like Cravath or Sullivan & Cromwell follows Milbank. I […]<\/p>\n","protected":false},"author":3,"featured_media":130198,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-130215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-above_the_law"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/xira.com\/p\/wp-content\/uploads\/2025\/08\/Staci-Zaretsky-nwdncf.jpg?fit=150%2C100&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/130215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=130215"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/130215\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/130198"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=130215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=130215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=130215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}