As Big Law’s annual bonus season approaches and colleagues at prestigious firms wait for word on further compensation, all eyes are on Milbank LLP.
Depending on seniority, Wall Street’s Cravath Swaine & Moore announced on Tuesday that it would give its employees two bonuses totaling up to $140,000. Since then, a few firms have followed, including Fried Frank, Paul Hastings, McDermott Will & Schulte, Dechert LLP, Ropes & Gray, and Cadwalader Wickersham & Taft.