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…
![Sonnenschein to Slash Associate Pay [Update]](http://www.jdjournal.com/wp-content/themes/advanced-newspaper/timthumb.php?src=wp-content%2Fuploads%2F2008%2F12%2Fsonnenschein_160x120.jpg&q=90&w=80&h=66&zc=1 "Sonnenschein to Slash Associate Pay [Update]")
Sonnenschein Nath & Rosenthal plans to cut associate salaries, beginning June 1st. First year salaries, previously a Biglaw standard $160,000, will be reduced to $145,000. Sonnenschein seeks to make associate…
Reed Smith is decimating associate salaries, cutting pay 10% across the organization. From the memo: …Reed Smith has adopted many changes to our business in response to global economic conditions……
McKenna Long & Aldridge is cutting starting salaries for entering first-year associates by $20,000. In 2007, McKenna moved to a merit-based promotion system. An associate’s compensation & billing rates are…
Clifford Chance, which just announced layoffs of 24 New York associates, has announced an associate pay freeze, with the firm keeping fee earner and business services salaries at 2008 levels.…
Katten Muchin Rosenman has confirmed it is laying off 69 people today, and cutting the salaries of “underutilized” associates. The firm is also scaling back its summer associate program, and…
McGuireWoods chairman Richard Cullen left a voicemail to his attorneys yesterday evening, announcing that first year salaries will be cut 10%, from $160,000 to $144,000. Salaries for all other associates…
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