Amid one of the most competitive associate markets in recent memory, Milbank is raising associate salaries in all of its offices, bumping up associate pay by $10,000 or $15,000.

First-year associates will receive $10,000 pay increases, bumping up starting salary to $200,000, while fourth-year associates and above will receive $15,000 pay increases, with senior associates going up to $355,000, said firm chair Scott Edelman in an interview Thursday. Associates and most counsel will receive pay raises in all offices, the firm said.