Just a few weeks after announcing it was moving away from lockstep compensation and doing away with associate classes, Reed Smith is cutting associate salaries by 20% for all incoming associates and reducing their billing rates by an equal amount. This move is certain to be popular with clients who are unhappy with paying [...]
Continue reading...Wednesday, May 20, 2009
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… Among other things, this has meant lower compensation levels for partners. Today, we are announcing another change which we believe is appropriate to further sound business operations. [...]
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Tuesday, November 10, 2009
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