Kaye Scholer Slashes Associate Pay

Kaye Scholer is cutting pay for associates who bill under 1,600 hours this year.

First- and second-years who aren’t on track to meet 1,600 hours this year will have their salary cut 20% for the rest of the year. Third-year associates will lose 15%.

If associates hit 1,600 hours before the end of the year, their pay will be restored.

Kaye Scholer is a law firm founded in 1917 by Benjamin Kaye and Jacob Scholer. The firm has more than 500 attorneys in eight offices located in New York, Chicago, Frankfurt, London, Los Angeles, Shanghai, Washington DC, and West Palm Beach.

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Posted by Erik Even on June 23, 2009. Filed under Home,Law Firm News,Law School News,Legal News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry