Credit: gerasimov174/Adobe Stock Associate Pay Raises Escalate GC Fears of Billing Rate Hikes
Some GCs are voicing concerns about further rate hikes after associate pay raises. But Milbank's chair said the salary raises wouldn't have a material effect on its billing rate decisions in the future.
November 13, 2023 at 11:30 AM
5 minute read
Law Firm Management
The original version of this story was published on The American Lawyer
Milbank's opening salvo on associate pay—raising each salary by $10,000—isn't just rippling across the pool of Big Law competitors. Some on the client side are voicing concerns, saying law firms would be "digging their own graves" with another war over salaries and bonuses, especially if it results in higher billing rates.
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