Fried Frank Harris Shriver & Jacobson said Friday it’s increasing its associate salaries to match the new scale announced by Milbank.
The firm will increase the base salary for first year associates by $10,000 to $215,000, according to a memo by Fried Frank chair David Greenwald viewed by Bloomberg Law. Midlevel and senior associates’ salaries will grow by $20,000, with most senior associates’ salaries reaching $385,000, the memo said.
The increases apply to firm associates in New York, Washington and London and will be applied retroactively to Jan. 1.
Milbank’s announcement Thursday reflects a hyper competitive market to attract and ...