Milbank Hands Out Summer Bonuses for Associates and Counsel (1)

Milbank LLP is handing out bonuses of up to $25,000 for associates and counsel at the law firm.

The special bonuses are based on seniority, starting at $6,000 for first-year associates, according to an internal memo viewed by Bloomberg Law.

“We know that the first seven months of the year have been extremely busy for the firm,” the memo said. “And based on the pipeline of work, we expect that the pace will continue through the summer and the rest of year.”

The Manhattan-based firm was the first to increase its salary scale for associates last year, kicking off a ...