Ed.
note:
Welcome
to
our
daily
feature, Quote
of
the
Day.
It’s
a
little
bit
of
a
power
move.
The
top
25
law
firms
are
making
more
money
than
ever,
and
they’re
absolutely
outpacing
the
next
25
and
then
the
next
25—it’s
not
even
close.
— Sean
Burke,
founder
of
legal
recruiter
Whistler
Partners,
in
comments
given
to
Bloomberg
Law,
on
Milbank’s
decision
to
raise
associate
salaries
to
a
scale
ranging
from
$235,000
to
$455,000.
While
the
biggest
and
most
profitable
firms
have
traditionally
moved
in
lockstep
when
it
comes
to
associate
compensation,
this
year’s
salary
wars
may
be
highlighting
an
increasingly
stark
divide
between
the
industry’s
top
tier
and
everyone
else.
Several
firms
have
already
matched
Milbank,
but
many
others
are
still
weighing
whether
they
can
afford
to
keep
pace.
Staci
Zaretsky
is
the
managing
editor
of
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
Bluesky,
X/Twitter,
and
Threads,
or
connect
with
her
on
LinkedIn.