Home / Business and Economy / Milbank Offers Seniority-Based Bonuses Up to $25,000
Milbank Offers Seniority-Based Bonuses Up to $25,000
7 Aug
Summary
- Milbank law firm announces special bonuses for associates
- Bonuses range from $6,000 to $25,000 based on seniority
- Firm expects high activity levels through the rest of 2025
In a move that is expected to set the tone for the legal industry, Milbank, a prominent U.S. law firm, has announced seniority-based bonuses for its associates and special counsel globally. The bonuses, which will be paid by September 30th, 2025, range from $6,000 for junior-level employees to $25,000 for more senior staff.
Milbank's chair, Scott Edelman, stated in an internal memo that the firm anticipates activity levels to remain high through the rest of the year. This suggests that the firm is rewarding its employees for their hard work and dedication during a period of sustained business growth.
The announcement of these special bonuses comes as Milbank is one of nine law firms that reached deals with former President Donald Trump earlier this year. This agreement allowed the firms to maintain access to government buildings, officials, and federal contracting work, which may have contributed to the firm's strong performance.
While Milbank is the first major corporate law firm to announce such bonuses this summer, it is not uncommon for firms to provide additional compensation to their junior lawyers at the end of the year. However, Milbank's decision to do so mid-year is a clear indication of the firm's commitment to retaining and rewarding its top talent.
