Biglaw Firms Are ‘Waiting’ To See What Other Compensation Leaders Do Before They Match Milbank
Sorry, associates, but Biglaw firms are playing the same waiting game that you are when it comes to Milbank money.
Ed. note: Welcome to our daily feature, Quote of the Day.
I’ve talked to a handful of top firms casually on whether they’re going to match Milbank, and they’ve told me they will, just waiting for other peer firms to see what they do.
— Mason Kalfus, founder of D.C.-based legal recruiting firm Zenith Legal, in comments given to the American Lawyer on if and when other leading Biglaw firms are likely to match Milbank’s salary raises and bonuses. Kalfus went on to say that after one or two firms match Milbank, he expects a “wave” of matches to come quickly. “All of the top D.C. firms will get there. They just don’t want to lead the chase,” he said.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter and Threads or connect with her on LinkedIn.
