By J.B. Heaton ( July 13, 2018, 6:44 PM EDT) -- It is intriguing to watch the latest salary war taking place among prominent law firms. Milbank Tweed Hadley & McCloy LLP fired the first shot, Cravath Swaine & Moore LLP brought in bigger weapons, and now Kasowitz Benson Torres LLP raises (no pun intended) the stakes further, bringing salary for the class of 2017 to $195,000. For those of us far along in our careers, it can be difficult to remember that these small pay raises matter a lot at the front end for at least two reasons....
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