In the competitive world of Biglaw, year-end bonuses are a hot topic, and Milbank has just announced its own figures, aligning with the industry standard set by Cravath earlier this season. This decision comes after Milbank led the way with special bonuses in September, raising speculations about their year-end strategy.

Today's announcement confirmed that Milbank would not be upping the ante but instead, will match the prevailing bonus rates established by Cravath. The scale of the bonuses, which are detailed in a memo to associates, confirms that Milbank associates can expect their bonuses to be paid out on December 31st.

Here is a breakdown of the bonuses announced: - [Specific bonus details were not provided in the input]

Milbank's decision to match Cravath's figures suggests a strategic choice to maintain market parity. This move has been eagerly anticipated, given Milbank's reputation as a compensation leader within the legal sector.

With the bonus season now in full swing, all eyes will be on other major law firms to see if they will also match or potentially exceed the benchmarks set by Cravath and now matched by Milbank. Associates across the industry are advised to stay tuned as firms continue to disclose their compensation plans.

As always, Above the Law remains your go-to source for the latest updates in Biglaw bonuses. We encourage associates to share updates and memos from their firms to help us keep the legal community informed. Please text (646-820-8477) or [email us](mailto:[email protected]?subject=%5BFirm%20Name%5D%20Matches) with any relevant information. Your insights are invaluable to us and your colleagues in the industry.

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