The race to match a market leader on associate pay has begun, now that the standard for first-year pay has jumped to $200,000.
McDermott Will & Emery confirmed that it will be matching the associate pay raises initiated by Milbank earlier today. McDermott, coming off its second straight year of double-digit revenue growth and a 25.5% increase in PPP, is in a position to match. The firm saw gross revenue climb by 17.9% to $1.38 billion in 2020.
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