Morning News Roundup for Tuesday

This morning’s top stories:

Cleveland’s Thompson Hine will impose an across-the-board $17,500 base salary reduction on associates and other non-partner lawyers…

Washington, DC-based Patton Boggs is adopting a new compensation plan for partners, retooling a long-held “eat-what-you-kill” system to reward partner cooperation and business development…

Allen & Overy will cut 450 jobs at a cost of £44 million ($64 million)…

Chicago’s Much Shelist, a business-law firm with about 80 attorneys, will impose a 10% pay cut for partners and associates until May 31, the end of the firm’s fiscal year…

Am Law 100 firm Proskauer Rose’s profits per equity partner dropped 10% in 2008 to $1.4 million…

• Morning Roundup
• Morning Roundup
• Morning Roundup
• Morning Roundup
• Morning Roundup

Posted by Erik Even on February 24, 2009. Filed under Home. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry