Biglaw

Associate Bonus Watch: The First Cravath Match — Wow, That Was Fast!

At least one prominent Biglaw firm won't be trying to trump Cravath.

MILBANK TWEED HADLEY & MCCLOY — MEMORANDUM — 2015 YEAR-END ASSOCIATE 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 2007-2015. The bonus amounts for 2015 are:

Class of 2015 – $15,000
Class of 2014 – $15,000
Class of 2013 – $25,000
Class of 2012 – $50,000
Class of 2011 – $65,000
Class of 2010 – $80,000
Class of 2009 – $90,000
Class of 2008 – $100,000
Class of 2007 – $100,000

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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 2015 start dates, part-time schedules and unpaid leaves of absence. Bonuses will be paid on or before January 15, 2016.

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

December 7, 2015

Earlier: Associate Bonus Watch: Cravath Announces Its 2015 Associate Bonuses!

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