It’s been two weeks since Milbank, Tweed, Hadley & McCloy began forcing the Big Law compensation curve to its latest inflection point.

After New York-based Milbank threw down the gauntlet—and Cravath, Swaine & Moore gamely picked it up—$190,000 starting salaries are officially the new top-market standard, with senior associates commanding as much as $340,000, excluding bonuses.

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