Milbank, Tweed, Hadley & McCloy on Wednesday sent associates off on their Thanksgiving weekend with news that they will receive bonuses that matched the rates Cravath, Swaine & Moore announced on Monday.

Associates will receive bonuses of $7,500 to $35,000 depending on their class year, according to a memo to associates obtained by the New York Law Journal. The bonus memo came a day after Skadden, Arps, Slate, Meagher & Flom announced bonuses of the same amounts and added further evidence that the market rate was settling on the payments announced by Cravath.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]