Legal Services

Milbank bumps first-year pay to $215,000, outflanking Magic Circle in talent war

Pay continues to spiral at top US law firms

Thursday 20 January 2022 at 17:49

American firms are starting to pull ahead of their peers in the City
American firms are starting to pull ahead of their peers in the City Photo: Millbank

US law firm Milbank hiked pay for its junior lawyers to $215,000, heating up the war for talent in the legal sector.

The firm  boosted pay by $10,000 for its more junior lawyers and by $20,000 for its mid-level and senior associates, according to a memo seen by Financial News.