ALERT: Milbank Announces $215K Salary Scale To Kick Off The New Year!!!

money happy young woman exults pumping fists ecstatic celebrates success under a money rain falling down dollar bills banknotesAfter a sequence of compensation hikes and particular bonuses, some began to argue that affiliate salaries had settled for the foreseeable future. Even with revenues hitting all-time highs, some analysts felt that corporations had exhausted their urge for food for including everlasting bills and would shift to waging the battle for expertise by way of particular bonuses and one-off signing perks, versus additional rise in annual salaries.

Milbank, the agency that’s achieved probably the most to push the market towards long-term wage will increase having raised the bar in 2016 and once more in 2018, has achieved it once more.

Earlier this morning, the agency introduced that it could be boosting the wage scale throughout the board with $10K raises for the 4 most junior courses and $20K raises for the mid-levels and seniors. Here’s the brand 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 within the US, London, Asia, and São Paulo places of work and might be retroactive to January 1.

Congratulations to Milbank associates and… most likely quite a lot of associates at different corporations quickly too.

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HeadshotJoe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to e-mail any ideas, questions, or feedback. Follow him on Twitter in case you’re inquisitive about regulation, politics, and a wholesome dose of faculty sports activities information. Joe additionally serves as a Managing Director at RPN Executive Search.

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