Another Firm Bankrolls Associates With A Milbank Money Match
Exciting news!
About two weeks ago, Milbank introduced a new salary scale that has slowly but surely been adopted by more than a dozen firms of all sizes, ranging from members of the Am Law 200 to some elite boutiques. While some firms continue to “monitor the market,” waiting for Davis Polk or Cravath to make a move, others are offering a competitive new payscale to their attorneys during a hot lateral market.
The latest firm to raise salaries is Axinn Veltrop & Harkrider, a midsize firm specializing in antitrust and IP matters, with offices in New York, D.C., San Francisco, and Hartford. If you recall, the firm matched Davis Polk’s new salary scale this past summer. The firm has now matched Milbank’s new scale for all offices. “Associates are pretty happy, especially the CT associates,” says an insider at Axinn. “They’ve been paid less and have been voicing their concerns.”
Here’s what the new salary scale looks like at Axinn Veltrop:
Congratulations to everyone at the firm!
(Flip to the next page to see the memo from Axinn Veltrop & Harkrider.)
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] Matches”). 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.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.
