Holland & Knight Aligns Bonus Packages with Industry Leader Milbank for Select Associates Amidst Competitive Legal Market

Holland & Knight has announced it will match Milbank’s base bonus scale for some of its associates, raising questions about how many firms within the Am Law 100 will dispense special bonuses for 2024. While Holland & Knight has aligned with Milbank on both the base and special bonuses, the more substantial bonuses appear restricted to associates situated in larger markets. This development reflects broader industry trends in determining bonus allocations across major law firms, as law firms compete to retain top legal talent. For further details, visit the Daily Business Review.