Firms Quickly Follow Milbank In $200K First-Year Salary Bump

Law360 (June 10, 2021, 2:03 PM EDT) -- Milbank LLP upped the ante on BigLaw associate salaries Thursday, announcing global raises that will bring first-year associate base pay in the U.S. up to $200,000, prompting two other large law firms to quickly follow suit with their own raises.

Is Your Firm Matching? Please email tips to pulse@law360.com. The salary increases announced by Milbank, which will be implemented July 1, include increases across all the firm's global offices with a single scale for associates in its U.S., London, Asia and Sao Paulo offices that starts at $200,000 for first-year associates and hits $355,000 for senior associates.

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