Tipsters at Above the Law reported the new cuts, saying that associates who are low on hours will only be receiving 60% of their original salary with the other 40% to be paid at the end of the year if the hours are made up. How they’re going to make up the hours in this market is anyone’s guess.

If you have any further information about what’s happening at Allen Matkins, please fill us in here.

Update: According to our own tipsters, all associate and paralegal salaries have been slashed to 60%.

• Staff Layoffs at Brown McCarroll
• Layoffs at Schulte Roth
• Revenue and Profits Down at Goodwin Procter
• Merit Based Pay at Drinker Biddle
• Layoffs at Seyfarth Shaw