![Troutman Sanders Cuts Associate Payroll 10% [Update 2]](http://www.jdjournal.com/wp-content/themes/advanced-newspaper/timthumb.php?src=wp-content%2Fuploads%2F2009%2F01%2Ftroutman_160x120.jpg&q=90&w=80&h=66&zc=1 "Troutman Sanders Cuts Associate Payroll 10% [Update 2]")
Atlanta’s Troutman Sanders has announced to its associates a 10% cut in total associate payroll budgeted for August to December of this year. The salary cuts for each associate will…
Contrary to early online reports, global intellectual property firm Fish & Richardson has not announced pay cuts. In fact, at a firmwide video conference earlier today, president Peter Devlin said…
Bryan Cave has announced it is cutting associate salaries 10% across the board. No one’s salary will be reduced below the newly-established entry-level rates: $145,000 in Chicago, Irvine, New York,…
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…
Many law firms are using the economic meltdown as an excuse to end seniority-based pay for associates, adopting “merit-based” systems similar to those used outside the legal profession. Examples in…
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