Milbank Ups Associate Salaries to $215,000 in War for Talent (2)

Milbank said it increased starting associate salaries to $215,000 amid a hyper-competitive market for new law firm talent.

The bump disclosed Thursday adds $10,000 to the $205,000 salary for first-year associates that Milbank announced last summer. Second, third- and fourth-year associates will also see salaries jump $10,000, Milbank said.

Mid-level and senior associates will receive $20,000 increases, and the most senior associates will reach a $385,000 salary, the firm said. The increases apply to all associates in U.S., London, Asia and Sao Paulo offices and will be retroactive to Jan. 1.

Milbank’s move is the first thrust this year in ...