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Milbank Climbs Back To The Top Of The Associate Compensation Heap

You knew they'd do it, but still nice to see.

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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.

You can read the full memo on the next page.

Remember everyone, we depend on your tips to stay on top of this stuff. So when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Raises”). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.

And if you’d like to sign up for ATL’s Bonus Alerts (which is the alert list we’ll also use for salary announcements), please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish.

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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).

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