Milbank LLP is giving its associates $10,000 salary raises and rolling out annual bonuses for junior lawyers.
The firm’s new associate salary scale ranges from $225,000 to $425,000, Scott Edelman, Milbank’s chairman, said Tuesday in an internal memo viewed by Bloomberg Law. The Manhattan-founded firm is also doling out annual bonuses of up to $115,000 for its most senior associates, Edelman said.
“We continue to be very busy across the Firm, and we expect that we will continue to see high levels of activity for the remainder of the year,” Edelman said.
The salary bump could spark a wave of ...