” ‘The Tone Deafness is Astounding’: Clients Unhappy about Milbank Associate Raise Announcement”

The law firm of Milbank, Tweed, Hadley & McCloy recently announced that it was raising the annual salaries of its first year associates to   $190,000. Some large law firms have done the same thereafter. Instead of a business-like, matter-of-fact, decisive refusal to pay lawyer fees for the work of people are lawyers in name only — many clients who sign off on the legal bills of law firms participating in this $190,000 move are upset. So writes Caroline Spiezo in an article of the above title appearing last week in the journal Corporate Counsel: “Corporate Counsel reached out to a number of in-house leaders following Mibank’s announcement to gauge their reactions. Many opted to remain anonymous, but all displayed strong feelings about this development. Here are their responses, some of which have been lightly edited for clarity and length. Continue reading

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