US heavyweights raise newly-qualified salary benchmark in Germany as battle to retain top talent intensifies
October 04, 2006 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
US firm Milbank Tweed Hadley & McCloy has set a new benchmark in the current associate salaries pay war in Germany, offering newly-qualified lawyers €100,000 (£68,000) plus a substantial bonus.
The move places the firm at the top of the pile for associate salaries, narrowly ahead of New York rival Shearman & Sterling, which became the first firm to hit the €100,000 mark for newly-qualified associates two weeks ago.
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