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Onward Insights - August 2026
Attorney loyalty is no longer the safest career strategy. This edition of Onward Insights looks at why even Wachtell is losing partners, how Big Law is restructuring around lateral hiring instead of law school pipelines, what recent compensation announcements actually mean once you read past the headline, and what the July 2026 market data signals for attorneys weighing a move.
A Raise Announcement Is Not the Whole Story: Decoding BigLaw Compensation
Milbank rewrote the associate salary scale in June 2026, and firms raced to match it. A headline announcement and money in your account are two different things. At least one firm announced it was joining the salary race and then quietly froze those raises until 2027. Here is how to read a compensation announcement before making any career decisions.