Milbank Tweed Hadley and McCloy has become the latest firm to announce that it will match the $15,000 to $100,000 range unveiled by Simpson Thacher last week. Also in the band are Cleary Gottlieb Steen & Hamilton and Paul Weiss Rifkind Wharton & Garrison. Recruitment consultants put the boom in bonuses down to the M&A boom that has helped the top firms. Peter Zeughauser, a consultant, said: 'For the first time in six years, the legal economy is back on track.' Source: ABA
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