Ice Miller: New York Associate Salaries to Rise in 2027

Biglaw Firm Joins The Salary Wars, But Keeps Raises On Ice Until 2027

It's been a long time coming, but Biglaw associate raises are finally starting to trickle in. Ice Miller has announced a significant associate salary increase for lawyers in its Manhattan office, bringing compensation 'in line with the top of the New York market.' The new scale is expected to start at $235,000 for first-year associates, matching Milbank's recent raise. However, there's a catch - the new salary scale won't take effect until January 1, 2027.

This development has significant implications for Biglaw firms and their associates. As the salary wars continue, it's clear that firms are taking a wait-and-see approach before committing to raises. Ice Miller's decision to delay its raise until 2027 may be seen as a strategic move to avoid being left behind by other firms. For associates, this means that they will have to wait another two years for their salaries to catch up with the market.

The relevant statutes and regulations in this case are likely to be those related to employment law and compensation. The New York State Department of Labor may also play a role in ensuring that Ice Miller's new salary scale complies with state laws. In terms of court hierarchy, the Second Circuit Court of Appeals may have jurisdiction over any disputes arising from Ice Miller's decision.

The key parties involved in this case are Ice Miller, Milbank, and other Biglaw firms. The New York State Department of Labor may also be monitoring the situation to ensure compliance with state laws. Practitioners should take note that this development is likely to set a precedent for future salary raises in Biglaw.

Practitioner takeaway: Attorneys and businesses should monitor Ice Miller's decision and its impact on the market. As the salary wars continue, it's essential to stay ahead of the curve and adapt to changing compensation structures.