Kilpatrick Stockton will cut associate salaries by 10%, effective July 1st. So, Happy Independence Day! Starting pay for associates will be cut from $145,000 to $130,000 in Atlanta and North Carolina, and from $160,000 to $145,000 in New York and Washington DC. The pay cuts reverse salary increases made in the beginning of 2008. They affect all [...]
Continue reading...Monday, June 1, 2009
A rumor making the rounds in blawgs today is that last week, Philadelphia’s Ballard Spahr cut associate salaries. The average cut is said to be 14%, but the individual cut for each associate was personalized. Cuts are effective June 16th. The firm will not confirm or deny the rumor. Which usually means it’s true. Apparently, a firmwide meeting [...]
Continue reading...Tuesday, April 28, 2009
According to online sources, St. Louis, Missouri-based Husch Blackwell has rolled back all starting salaries to 2007 levels. That will constitute cuts of between 5% and 10%. In March, the firm laid off 17 lawyers and 45 staff. Husch Blackwell Sanders LLP is a litigation and business services law firm with 675 attorneys in offices in 13 cities. [...]
Continue reading...Friday, April 10, 2009
Denver’s 200-attorney Brownstein Hyatt has laid off 15 attorneys and 22 staff. Partners consulted with associates to determine a balance of salary cuts and layoffs. By accepting salary reductions, the associates saved 8 jobs. Income shareholders, counsel and policy advisers took a 10% pay reduction; associate salaries will be reduced by 8.5%; and senior management pay will [...]
Continue reading...Monday, February 23, 2009
Chicago’s Much Shelist Denenberg Ament & Rubenstein, 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. “We always believe in taking care of our people,” Chairman David Brown said. “Besides, all of these attorneys have important relationships with [...]
Continue reading...Saturday, January 17, 2009
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 [...]
Continue reading...Wednesday, January 14, 2009
Alston & Bird is the latest firm to freeze associate salaries at 2008 levels. The Atlanta firm has informed associates that raises planned for 2009 have been cancelled. Throughout 2008, firm management implemented a variety of measures to address the financial situation. As the Partners Committee has engaged in the budgeting process for 2009, it has become [...]
Continue reading...Monday, January 12, 2009
The Project for Attorney Retention (PAR), an initiative of the Center for WorkLife Law at University of California Hastings College of the Law in San Francisco, is suggesting to struggling law firms that they cut associate hours rather than laying off lawyers completely. “I think if firms aren’t thinking about such a program, they really should,” consultant Charles Santangelo told [...]
Continue reading...Monday, January 5, 2009
If you’re an associate of AmLaw 100 firm Sheppard, Mullin, Richter & Hampton LLP, and you haven’t checked your email because you were busy figuring out whether to spend your big 2009 salary increase on a solid gold car bra for your BMW M6 Convertible or on that Lladro figurine that will complete your collection, [...]
Continue reading...Sunday, January 4, 2009
DLA Piper associates were greeted with this email on Friday: 2008 has indisputably been one of the most challenging economic periods in recent history. DLA Piper, because of its global platform and practice diversification, is well-positioned competitively and financially to weather this downturn, but neither we nor our clients are immune from its impacts. This difficult [...]
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Friday, June 5, 2009
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