Law Firm Salary Wars: Milbank Sets New Standard, Will Others Follow Suit?

Elite Biglaw firms are likely to match Milbank's recent salary raise for associates, with some potentially going even higher. While it is not necessary for other firms to raise compensation in the absence of other firms doing so, legal analysts believe that at least the top 25 Am Law firms will follow suit. The decision of one firm to match Milbank's raise often leads to a domino effect across the industry.