US giant Milbank has upped its newly qualified (NQ) salaries across the globe — including London, the firm has confirmed to Legal Cheek — to a new market-leading high of $225,000.
While the conversion rate for British rookies is undisclosed, at today’s exchange rate, this figure works out at a whopping £183,409. No law firm pays more at that level anywhere in the world.
The move follows a 5% boost up to $215k last year and a double rise in 2021, when the New York-headquartered firm made headlines taking salaries from $190k to $200k, and then $200k up to $205k.
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