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Reed Smith And Greenberg Opt Out Of Associate Pay Raises

Law360 (June 19, 2018, 5:46 PM EDT) -- As more law firms each day announce their decisions to raise associate pay to match new industry benchmarks set earlier this month by Milbank Tweed Hadley McCloy LLP and Cravath Swaine & Moore LLP, a few law firms have made it clear they plan to opt out.

At the beginning of June, Milbank announced it was raising its base pay for associates to a scale that starts at $190,000 for first-year attorneys. After that, other law firms began to follow and last week, Cravath upped the...
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