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Milbank hikes pay for London associates as deal volumes pile pressure on juniors

Professional Services Correspondent

Wall Street law firm Milbank has ramped up pay for first year lawyers in London to $200,000 amid a mergers and acquisitions boom that has seen junior lawyers working long hours from home on deals.

Milbank announced on 10 June that it was increasing pay for first year associates from $190,000 to $200,000 across a number of regions including the UK, according to a memo seen by 

US law firm boosts pay for first year London lawyers to $200,000

James Booth

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Find out who is on the move in the City and beyond this week

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Magic Circle firm boosts London private equity offering

Proskauer Rose hires Hogan Lovells private equity partner in London

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The hedge-fund founder is asking triple what he paid for the Bali-inspired Manalapan estate in 2017.

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The announcement comes as USS Investment Management said it won’t bid for the property firm.

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Assura

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Property Firm Assura

The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

Successful firms are increasingly split between behemoths with several business lines and those focusing on their roots of buying companies.

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The Chinese technology giant has begun tests to integrate homegrown startup DeepSeek’s AI model into its Weixin messaging app.

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Tencent Shares Hit More Than Three-Year High as App Launches DeepSeek Testing

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