Day: June 13, 2018

Here we go again.  In early June, Milbank, Tweed, Hadley & McCloy*† announcedthat it was increasing starting salaries to $190,000.  (Law firms made significant changes to the associate compensation scale in 2007, just prior to the Great Recession, and in 1999, in advance of the dot-com crash.)  Predictably, Milbank’s move triggered similar raises with firms announcing matching (or more generous) compensation scales, even raising the salaries for their summer associates who just arrived from law schools.  This pattern may continue, as “salary wars” are once again being waged at major law firms across the United States. As of now, decisions about compensation are still