Milbank Joins Cravath Associate Bonus Bandwagon

Law360, New York (November 30, 2009, 4:49 PM EST) -- Milbank Tweed Hadley & McCloy LLP has announced its 2009 associate bonus structure, and it matches the tiered bonus model adopted by Cravath Swaine & Moore LLP, which chops new associate year-end payouts to $7,500.

A memo leaked Monday to legal blog Above the Law said Milbank Tweed's associate bonuses would range from $7,500 for the class of 2008 to $30,000 for the class of 2001.

“Your commitment and dedication, excellent client service, and contributions to mentoring, recruiting, diversity and pro bono are greatly appreciated,” the...
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