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Scott Edelman of Milbank, Tweed, Hadley & McCloy.

Ratcheting up market pressure on associate compensation, Milbank, Tweed, Hadley & McCloy announced Monday that it will increase its associate salaries across the board by $10,000 or $15,000.

Under the changes, effective July 1 this year, associates in their first, second and third years will see an increase of $10,000, meaning starting salaries at Milbank will be $190,000. Associates in their fourth through eighth years will receive $15,000 more, meaning eighth-year compensation will be set at $330,000. Here are the new salaries for all classes:

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Christine Simmons

Christine Simmons writes about the New York legal community and the business of law. Email her at [email protected] and find her on Twitter @chlsimmons

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