June 10, 2021

Milbank Announces Increment on Associate Salary, Will Pay more than $200K Globally

Amid one of the most competitive associate markets in recent memory, Milbank is raising wages for its associates by $10,000 and up to $15,000.

Biglaw compensation is through the roof right now. It's easy to get lost in all the talk of special bonuses, which are generally paid twice during spring and fall, but turns out that was only a tiny part of what they have planned for their elite employees!

This morning, Milbank announced that they are awarding all associates with a salary increase. The new wage ranges from $10k to $15K and is based on the associate's years of experience in the firm. This move comes as a great relief for those working at this company because there will be more money coming their way next year too!

All the Increased Pay:

The firm announced the pay raises Thursday, including a $10,000 increase for first-year associates to make their starting salary worth an astounding 200 grand. Fourth years and up will also see increases of at least 15 thousand dollars, reaching 355 grand as senior counsel. The higher wages were met with applause from employees who have been speculating about high turnover rates in recent months due to low salaries.

Milbank is always the first to raise salaries and they don't seem like they are going to stop anytime soon.

Firm Chair Scott Edelman said of the raises:

“Our associates have been working harder than ever, and it has been three years since we increased salaries. We thought it made sense to recognize their efforts with a salary increase.”

Get updated by contacting

We depend on your tips to stay informed. When you get a matching gift from Milbank, text us (646-820-8477) or email the memo with the subject line “[Firm Name] Matches Milbank” and let us know what it is so we can better help out! You don't have to send any attachments but if you do take a photo of the notice and attach it via SMS/email that would be great too.

ATL will send out bonus alerts as soon as they're announced so you can get the inside scoop right from us! All you have to do is enter your email address below.

for more details and updates visit The Market Activity.

Leave a Reply

Your email address will not be published. Required fields are marked *

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram