Milbank Paying Pandemic Bonus with 50% Boost for Some Associates
Milbank has matched the pandemic-related associate bonuses handed out by Davis Polk & Wardwell earlier this week with a further 50% payout to lawyers who have worked extra long hours during the virus crisis.
Lawyers below 80% utilization through Sept. 6 will receive half the bonus, while lawyers whose time cards put them in excess of 110% utilization will receive a 50% boost. The special payout will not impact traditional year-end bonuses, which Edelman said the firm does not expect will be less than those paid in 2019.
After partial salary restoration announcement last month, K&L Gates is going back to pre-pandemic pay
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