You’ll be sure to make (Mil)bank at this trendsetting projects & restructuring firm.
Milbank Lateral Profile 2024
What Milbank do, the rest follow – at least that’s the way it is for associate salaries. Having developed a reputation as the trendsetter for associate compensation, Milbank has once more upped salaries across the globe in the past year, and like clockwork, a slew of other firms have followed in its footsteps. “Of course I knew about the salary raises!” quipped one of our sources when asked about what drew them to the firm, with another admitting that their awareness of the firm primarily stemmed from this. However, to suggest that the glint of golden dollar signs in their eyes was the main attraction for juniors at the firm would be far from the truth. A market-leader in numerous practices, associates underscored Milbank’s reputation, excellent training and mentorship, and “friendly, respectful” vibe.
View the firm’s Chambers USA rankings
Read the firm’s Inside View feature on junior associate life
Why did you join your firm? Associates say…
“Overall friendliness, camaraderie, very welcoming environment, and people introducing themselves and me to others.”
“How kind the people were, and the responsibility given to junior associates.”
“It’s much kinder, gentler, and more humane that my previous firm.”
Career Development & the Path to Partnership
|
9 |
2.3 : 1 |
71% |
||
|
partners made in 2023 |
associate : partner gearing |
of associates intend to make partner |
||
|
54% |
45% |
86% |
||
| felt partnership was achievable for attorneys with children | felt partnership was achievable at the firm | agreed partners are nurturing future leaders |
||
Hours & Compensation
|
no requirement |
12 |
47 |
|
billable hours |
average number of vacation days associates took in one year |
average number of hours associates worked in one week |
|
57% |
58% |
82% |
| agreed they had a good work-life balance |
said the benefits package makes the workload worthwhile |
found the bonus allocation fair and transparent |
Salaries
1st year: $225,000
2nd year: $235,000
3rd year: $260,000
4th year: $310,000
5th year: $365,000
6th year: $390,000
7th year: $420,000
8th year: $435,000
Is Milbank the right firm for you?
|
92% |
89% |
85% |
|
were happy in their current role |
agreed the work is interesting |
felt comfortable being themselves at work |
Here's what survey respondents had to say about the firm's culture...
“The culture is one that rewards intelligent, supportive, hard-working individuals.”
“The partners in my team are very approachable, commercial and supportive. The wider team is also very friendly and genuine - there's no office politics. The senior associates in the team have families to go home to, so there is no face time culture or unnecessary work - everyone is just trying to deliver high quality work in the most efficient way possible.”
“A more congenial approach to culture than many similarly situated peer firms.”
Diversity, Inclusion & Wellbeing
|
72% |
25% |
33% |
||
|
reported diverse staffing on teams/cases/matters |
of partners are women |
of associates identify as ethnically diverse |
||
Pro Bono
|
undisclosed |
93% |
|
average pro bono |
agreed the firm is committed to pro bono |
Pro bono highlights: Kids in Need of Defense (immigration/asylum); Tahrih Afghan Refugee Asylum Project (immigration/asylum); Delaware Innocence Project (criminal defense: innocence claims); Louisiana Center for Children’s Rights (criminal justice: juveniles serving life sentences with no chance of parole).
Contact
Learn more about opportunities at the firm
Recruitment contact: Partner Recruiting - Judy-Ann Francis-Duncan, Manager of Lateral Recruiting, (212) 530-5351, jfrancis-duncan@milbank.com
Associate Recruiting (NY) - Iko Nishitani, Manager of Lateral Recruiting, (212) 530-5702, inishitani@milbank.com
Associate Recruiting (LA) - Elsie Arisa, Legal Recruiting Manager, (424) 386-4582, erisa@milbank.com
Associate Recruiting (DC) - Nga Phan, Human Resources & Recruitment Manager, (202) 835-7529, nphan@milbank.com