Reed Smith has opted not to increase associate pay in any of its global offices, despite a host of U.S. firms confirming salary hikes in response to moves by Milbank Tweed Hadley & McCloy and Cravath, Swaine & Moore.

Reed Smith partner and global head of legal personnel, Casey Ryan, confirmed in a statement that, while the firm will continue to monitor the market, it “has no current plans to increase associate starting salaries in any location.”

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