Credit: Creativa Images/Adobe Stock 'Tone Deaf' or 'Sign of Healthy Industry'? Am Law 100 Firm Leaders Weigh In on Milbank Raises
Some leaders in the lower half of the rankings no longer see elite firms' pay raises as a competitive pressure because the market has become so stratified.
November 13, 2023 at 05:00 AM
8 minute read
Law Firm Associates
Law firm leaders in the Am Law 100 have a mixed reaction to Milbank's decision to raise salaries to $225,000 for first years, with some in the firm's Am Law 50 peer group balking at the move as "tone deaf" while others at firms with lower revenues see possible business advantages.
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