Pillsbury’s first year associates outside of New York are receiving a salary cut, down to $145k. Any first year that bills in excess of 1950 hours will receive an additional $15k bonus. First years in the New York office will continue to receive $160k.
Salaries for 2010 have not yet been set and for the moment all associates are being paid at 2009 levels. When compensation levels are set, any raises will be made retroactive to January 1. In addition, 2009 bonuses will be paid at the end of this month.
Pillsbury Winthrop Shaw Pittman is an international law firm with offices located throughout the US and globally, including key financial centers New York, London, Tokyo and Shanghai.
Related posts:
- Pillsbury Winthrop Fires 155
- Breaking: Pillsbury Winthrop to Lay Off Attorneys
- Update: Pillsbury Winthrop Offers “Voluntary Departure”
- Pillsbury Winthrop Keeps Profits Level in 2008
- Pillsbury Cancels 2010 West Coast Summer Associates Programs
- Pillsbury Offers Incoming Associates $60K to Drop Dead [Update]
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[...] Among the firms sticking with lockstep compensation, some have cut salaries, some have cut salaries outside of major markets, some have frozen salaries, some have thawed salaries, and some have thawed salaries with a [...]
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