Will the Milbank raise make firms further down the AM 100 increase salaries as well? I’m not expecting my non-market paying firm to suddenly match, but will it put pressure on lower firms to bump comp up at all?

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Isn’t that historically what’s happened? As you said, there obviously won’t be matching across the board, but comp increases at the top end of the market certainly put pressure on the lower end, especially at firms that are competing for the same talent and have the same minimum billable hour requirements as the firms paying market rates.

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I’d expect it to create pressure, but any resulting raises at non-market firms to lag behind a year or two.

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And the 2026 raises referenced above weren't fully to market up the entire grid - "match" was the wrong word to use but I can't edit my comment.

Will lag and most of the catch up will happen at the entry level salaries. Senior associates will have compression.

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Firms always try to trick by doing junior matches while seniors lag hard at some Amlaw firms (you know who you are)

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