Biglaw

Associate Bonus Watch: Another Firm Hops On The Simpson Thacher Bandwagon

Which firm decided to match Simpson Thacher's bonus scale this time?

MILBANK TWEED HADLEY & MCCLOY — 2014 BONUSES

On behalf of the partners, I am pleased to announce that we will be paying year-end bonuses to associates in the classes of 2006-2014. The bonus amounts for 2014 are:

Class of 2014 – $15,000

Class of 2013 – $15,000

Class of 2012 – $25,000

Class of 2011 – $40,000

Class of 2010 – $55,000

Class of 2009 – $70,000

Class of 2008 – $85,000

Class of 2007 – $100,000

Class of 2006 – $100,000

Bonuses will be paid to associates in good standing who are employed with us on the date the bonus is paid and will be subject to the usual prorations for 2014 start dates, part-time schedules and unpaid leaves of absence. Bonuses will be paid on or before January 15, 2015.

Bonus decisions for Specials will be determined on an individual basis and communicated separately.

On behalf of the Firm, I sincerely thank you for your many efforts over the past year. Your commitment to excellent client service, diversity, mentoring, pro bono and recruiting is critical to the Firm’s success. Thanks for your hard work and best wishes for the holiday season.

Scott A. Edelman

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