News and Events for Attorneys and Executives

Milbank Takes Associate Starting Salaries to New Level

By on June 6, 2018 in Employment, Law Firm Management

Money - pay - salary - dollarBloomberg Law reports that salaries of law firm associates got a healthy boost Monday when Milbank, Tweed, Hadley & McCloy LLP announced that it will increase pay by $10,000 for lawyers in their first three years, and $15,000 after that.

That raise will bring starting salaries for associates to $190,000, up from the current $180,000, write Elizabeth Olson and Casey Sullivan.

Competition for legal talent has grown particularly fierce when it comes to the kind of complex, high-end transactions that Milbank specializes in, Scott A. Edelman, Milbank’s chair, told Bloomberg Law.

Read the Bloomberg article.

 

 

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