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We haven’t heard the word “lemmings” used to describe reactions from law firms after Milbank, Tweed, Hadley & McCloy announced first-year associate to salary hikes to $190,000. Sure, a handful of firms have matched, but the historical rush by Big Law to keep pace has not played out—at least not yet. In this Instant Insights, we explore why the game of follow-the-leader has fewer participants this time around, and we take the pulse of reactions to the raises from clients, competitors and experts.
Credit: ImageFlow/Shutterstock.comThe beginning of another stampede of associate salary raises is underway, with Winston & Strawn and Proskauer Rose already matching the new associate pay scale set this week by Milbank, Tweed, Hadley & McCloy.
Meghan Tribe is a reporter covering the changing face of Big Law, from lateral moves and work-from-home programs to diversity initiatives. Contact her at mtribe@alm.com. On Twitter: @TribeMeghan
‘The Tone Deafness Is Astounding': Clients Unhappy About Milbank Associate Raise Announcement
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Your Law Firm is Paying You $190K Right Out of Law School. Now What?
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Fewer Firms Expected to Follow Milbank's Associate Pay Boost
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