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US law firm Milbank ups pay for new lawyers to $225,000

Newly qualified lawyers in London will start on $225,000 following the pay hike

Milbank’s pay boost will put pressure on its rivals to react
Milbank’s pay boost will put pressure on its rivals to react Photo: Bloomberg via Getty Images

US law firm Milbank has rolled out pay rises that mean newly qualified lawyers at the firm will take home $225,000 (£183,000).

First-year associates have had their base pay upped from $215,000 to $225,000, according to a memo sent to lawyers at the firm on 7 November.

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