Milbank summer bonus match needs to happen soon. If peer firms choose to match at year end (rolling it in for year end), this will set precedent for year-end bonuses going forward (i.e., higher year-end bonuses going forward). Peer firms have incentive to match now to make this a one-time thing to control cost.

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I feel like I’m the only person who thinks this is a one-off and other firms won’t match. Who’s gonna be first and why? This isn’t 2021.

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Law firms revenues and profits are growing. It’s not 2021, but most firms are not hurting right now. Nor was 2021 the first time assocs got special bonuses. Even if firms were hurting, they would match, because that’s what they do. Falling out of the market/BigLaw category is not something anyone can afford (unless you’re a lowest-tier/marginal firm that is struggling to maintain BigLaw status). And there is zero chance Milbank suddenly becomes above-market lol

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Firms could just match this summer bonus at year end separately from the regular bonus as a one-time thing.

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