No one puts Milbank in a corner. After starting the latest round of Biglaw raises almost a full month ago, Milbank has made it clear — repeatedly — that they are committed to paying their associates at the very top of the market (and pushes the rest of Biglaw to pay associates what they deserve). That hasn’t changed just because Cravath took the Milbank raises and came over the top for some classes of associates.
So of course Biglaw’s first mover is re-raising the salaries of midlevel and senior associates to the new market level. Effective January 1, associates at the firm will be paid on the updated Milbank/Cravath scale as follows:
You can read the full memo on the next page.
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Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. 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 or Mastodon @Kathryn1@mastodon.social.