Milbank Proves The Only Thing Better Than One Raise Is Two Raises
Every Biglaw associate who gets a raise this year should say thank you to Milbank.
No one puts Milbank in a corner. After starting the latest round of Biglaw raises almost a full month ago, Milbank has made it clear — repeatedly — that they are committed to paying their associates at the very top of the market (and pushes the rest of Biglaw to pay associates what they deserve). That hasn’t changed just because Cravath took the Milbank raises and came over the top for some classes of associates.
So of course Biglaw’s first mover is re-raising the salaries of midlevel and senior associates to the new market level. Effective January 1, associates at the firm will be paid on the updated Milbank/Cravath scale as follows:
You can read the full memo on the next page.
Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Matches”). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.
And if you’d like to sign up for ATL’s Bonus Alerts (which is the alert list we also use for salary announcements), please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish. Thanks for all of your help!
Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter @Kathryn1 or Mastodon @Kathryn1@mastodon.social.
