Washington DC law firm and lobbying group Arent Fox will freeze associate base compensation at the current 2008 rates for 2009.
The firm will also place a 150-hour cap on non-billable creditable hours, that can be increased only in limited circumstances.
Eligible associates who record more than 2050 billable hours, 2150 billable hours, 2250 billable hours, or more than 2350 billable hours will be eligible to receive productivity bonuses.
The National Law Journal ranked the firm as the 137th largest in the US based on number of attorneys. In 2008, the firm was ranked 84th on the Vault 100 survey of the most prestigious firms in the US.
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- Akerman Senterfitt Cuts All Associate Salaries 10%
- Kelley Drye Trifecta – Abandon Lockstep, Freeze Salaries, Pay Bonuses
- It’s Official: Mayer Brown Freezing Salaries
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