MILBANK announces raises

Happy New Years! As we thought the story would be about how law firms were going to be doing layoffs in the new year or forcing people back into the office, we are shocked to find out that Milbank announced the opposite! They raised salaries for associates across the board with $10K raises for the four most junior classes and $20K raises for the mid-levels and seniors. Here’s the new scale:

Class Old Salary New Salary

Class of 2021 $205K —> $215K

Class of 2020 $215K —> $225K

Class of 2019 $240K —> $250K

Class of 2018 $275K —> $285K

Class of 2017 $305K —> $325K

Class of 2016 $330K —> $350K

Class of 2015 $350K —> $370K

Class of 2014+ $365K —> $385K

This applies to all associates in the US, London, Asia, and São Paulo offices and will be retroactive to January 1.