Milbank has initiated a shift in the legal industry by raising the permanent associate salary scale instead of providing one-time special bonuses. This development is significant for legal professionals and recruiters because it forces peer firms to match the higher base pay to remain competitive for top talent. The move suggests a long-term commitment to increased associate compensation, which will have a more lasting impact on firm financials and associate retention than temporary incentives.
Read the full article at Above the Law
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Ali NematiWritten by Ali
