Well, nicely, nicely, if it isn’t the second agency to match Milbank’s new wage scale
. The Biglaw market appears to be transferring fairly rapidly in response to Milbank’s transfer to $215,000 in first-year affiliate compensation.
Just a couple of brief hours after the affiliate wage raises had been introduced, yet one more agency is stepping as much as the plate and matching the brand new market normal. McDermott Will & Emery simply tossed its hat within the ring to announce the agency shall be bumping up affiliate salaries by $10,000 – $20,000, relying on class yr. If you recall, McDermott was the first agency to match Milbank’s largesse this previous summer time.
(Flip to the subsequent web page to see the complete memo from McDermott.)
Remember everybody, we rely in your tricks to keep on prime of these items. So when your agency matches, please textual content us (646-820-8477) or e mail us (topic line: “[Firm Name] Matches Milbank”). Please embrace the memo if obtainable. You can take a photograph of the memo and ship it by way of textual content or e mail when you don’t need to ahead the unique PDF or Word file.
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Staci Zaretsky is a senior editor at Above the Law, the place she’s labored since 2011. She’d love to listen to from you, so please be happy to e mail her with any ideas, questions, feedback, or critiques. You can observe her on Twitter or join along with her on LinkedIn.
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