Davis Polk & Wardwell has beaten the associate attorney pay scale announced by Milbank on Thursday with its own set of salary raises that pay associates $202,500 to $365,000 per year, pushing several competitors to match it.
Davis Polk cited “exceptionally high” activity levels across the firm in a memo viewed by Bloomberg Law on Friday and noted the new scale will take effect July 1.
The announcement is the latest salvo in a salary race that Milbank kicked off by announcing it would raise starting salaries for associates from $190,000 to $200,000, and give its most senior associates a ...
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