Axinn Veltrop & Harkrider LLP has announced a significant increase in associate compensation, raising base salaries by $25,000 and offering special bonuses up to $25,000. This adjustment positions the firm competitively within the legal market.
According to a memo viewed by Bloomberg Law, first-year associate salaries at Axinn will now start at $250,000, with senior associates earning up to $460,000. The special bonuses, ranging from $6,000 to $25,000, are scheduled for disbursement on September 30. ([news.bloomberglaw.com](https://news.bloomberglaw.com/in-house-counsel/boutique-axinn-bumps-salaries-dishes-bonuses-for-associates?utm_source=openai))
This move aligns Axinn with recent compensation trends among leading law firms. For instance, Milbank LLP recently announced special summer bonuses of up to $25,000 for associates and special counsel across its global offices, with payouts based on seniority. ([jdjournal.com](https://www.jdjournal.com/2025/08/08/milbank-llp-unveils-generous-summer-bonuses-of-up-to-25000-for-associates/?utm_source=openai))
Axinn has a history of adjusting its compensation to remain competitive. In December 2024, the firm matched the Milbank scale for both annual and special bonuses, with associates exceeding the 2,000-hour billable threshold receiving additional rewards. ([abovethelaw.com](https://abovethelaw.com/2024/12/midsize-firm-rings-in-bonus-cash-before-the-holidays/?utm_source=openai))
These compensation adjustments reflect the firm’s commitment to attracting and retaining top legal talent in a competitive market.