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Milbank Boosts Associate Salaries, Offers Up to $25K Bonuses

7/28/2026

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Summary

Story summary

Milbank announced bonuses of up to $25,000 for associates and special counsel after raising salaries.
Base salaries now range from $235,000 to $455,000, with first-year associate bonuses starting at $6,000.
The firm also paid year-end bonuses up to $115,000 and reported average equity-partner profits of $7.62 million for 2025.
A few firms, including McDermott Will & Schulte, matched Milbank’s salary boost, while most rivals have not.

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Story summary

Milbank announced bonuses of up to $25,000 for associates and special counsel after raising salaries.
Base salaries now range from $235,000 to $455,000, with first-year associate bonuses starting at $6,000.
The firm also paid year-end bonuses up to $115,000 and reported average equity-partner profits of $7.62 million for 2025.
A few firms, including McDermott Will & Schulte, matched Milbank’s salary boost, while most rivals have not.