The firm that got the associate compensation party started has re-entered the building.
That’s right, Milbank — the first firm to raise associate salaries — is at it again. If you’ll recall, earlier this month, Milbank set the salary grid at $200,000 for first-year associates but was quickly outdone by Davis Polk, who went with a slightly higher scale ($202,500 for class of 2021, $205,000 for class of 2020). As expected, Milbank has matched the more generous salaries — well, technically went slightly higher (class of 2021 sees an extra $2,500 at Milbank).
The new and improved salaries are for associates in the U.S., London, Asia, and Sao Paulo and are effective July 1.
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You can read the full memo on the next page.
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Kathryn Rubino is a Senior Editor at Above the Law, and host of The Jabot podcast. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).