Milbank matched DPW scale. Plus/minus 50% for associates with above 110% or below 80% “utilization” through 9/6 (including pro bono and legal work for firm). To be paid by Oct 30. December bonus expected to be no less than last year. Good for management and consistent with (imho) strong leadership during COVID.

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Great for Milbank associates and the other top firms will have to fall in line now. It is a decent chunk of change and one that will likely drive a wedge between the haves and the have-nots (many of whom are still enforcing some level of pay cut).

Biglaw is way overdue for pay differentiation at the associate level. Hopefully this becomes a trend.

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I’m assuming utilization is based on your billable requirements for the year. Also, surprised that this isn’t on ATL yet!

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That is great! Good for you!

Great news! Does over 110% utilization mean you were 1.1 times over billable requirement to date, but excluding stuff that is not billable/legal service/pro bono (e.g. bus dev)?

What is utilization?

Don’t remember exactly, but something like a 2100 hour pace. Yearly bonus doesn’t typically have a minimum hours threshold, so it’s a definition that normally means more to partners and staffing coordinators than to associates.

What is your billable year run by? Calendar year? School year?

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