Well, well, well, if it isn’t the second firm to match Milbank’s new salary scale. The Biglaw market seems to be moving reasonably quickly in response to Milbank’s move to $215,000 in first-year associate compensation.
Just a few short hours after the associate salary raises were announced, yet another firm is stepping up to the plate and matching the new market standard. McDermott Will & Emery just tossed its hat in the ring to announce the firm will be bumping up associate salaries by $10,000 – $20,000, depending on class year. If you recall, McDermott was the first firm to match Milbank’s largesse this past summer.
(Flip to the next page to see the full memo from McDermott.)
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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.