According to a report from Above the Law, the wait is over for associates at one major firm: a Biglaw firm has finally matched Milbank's special bonus. This marks the first such match since Milbank announced its special payout, and it may signal the start of a broader trend across the industry.
The report frames the move as a potential catalyst, noting that the match could "get the Biglaw bonus ball rolling." While the source does not name the firm, the significance lies in the precedent it sets—other firms may now feel pressure to align their compensation packages to remain competitive.
If this match does trigger a wave of similar announcements, it would be a welcome development for associates who have been waiting to see whether the special bonus would become standard. For now, the industry will be watching to see which firm steps up next.