Subject: 2018 Salary Increase

MEMORANDUM TO ASSOCIATES

In recognition of your dedication and hard work on behalf of our clients and the Firm, The Executive Committee is pleased to announce that the Firm is increasing base salaries effective July 1, 2018.

The new salary scale is as follows:

Classes 2018/2017 $190,000

Class 2016 $200,000

Class 2015 $220,000

Class 2014 $250,000

Class 2013 $275,000

Class 2012 $295,000

Class 2011 $315,000

Class 2010 $330,000

Summer Associate salaries will also be increased to match the first year associate salary, effective July 1, 2018. Salary increases for Specials will be determined on an individual basis and communicated separately.

Thank you for your invaluable efforts that contribute to our continued success.

Scott A. Edelman

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The Executive Committee | Milbank