Schnader, which held layoffs in April, has cut associate salaries by $10,000; and partners have agreed to a 5% reduction in compensation.
Staff who make more than $60,000 a year are taking up to 5% in pay cuts.
The firm blames the economic meltdown.
Schnader Harrison Segal & Lewis LLP was founded in Philadelphia in 1935 by former Pennsylvania Attorney General William A. Schnader. Today, the firm has more than 200 attorneys in seven offices nationwide.
Posted by Erik Even
on June 30, 2009. Filed under Home,Law Firm News,Legal News.
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