Home

Dechert CEO Gives Himself $1 Million Pay Cut [Update]
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Dechert LLPDechert LLP chairman and CEO Barton Winokur announced that he has taken a $1 million pay cut.

Winokur revealed the self-imposed pay cut, in fact a reduction in his draw from firm profits, at a meeting of law firm execs in late April.

Other Dechert executives have taken similar pay cuts, according to Winokur.

  
What
Where


Winokur made around $8 million in 2008. Dechert’s profits-per-partner average $2 million.

The firm laid off 63 lawyers and 62 staff in March, and in April deferred start dates for two-thirds of its incoming associates.

Founded in 1975, Dechert LLP is an international law firm of more than 1,000 lawyers with top-ranked practices in corporate and securities, complex litigation, finance and real estate, and financial services and asset management.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




UPDATE

A firm spokesperson confirms that Dechert’s 36 highest-paid partners have agreed to take a undisclosed percentage cut in their annual draw. If the firm does well, the partners may be able to make up the difference in bonuses.



The firm denies that Winokur’s reduction is $1 million.



 

RELEVANT JOBS

Trust and Estate Litigation Attorney

USA-CA-Los Angeles

Hagen O’Connell & Hval LLP is seeking to hire an experienced Estate / Trust litigation attorne...

Apply now

Trust and Estate Litigation Attorney

USA-WA-Seattle

Hagen O’Connell & Hval LLP is seeking to hire an experienced Estate / Trust litigation attorne...

Apply now

Personal Injury Litigation Attorney

USA-CA-Los Angeles

Job details Salary $60,000 - $80,000 a year Job Type Full-time Number of hires for th...

Apply now

Legal Assistant Paralegal

USA-IL-Evanston

We are seeking a legal assistant or paralegal that is interested in finding a longstanding, professi...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Liability Defense Attorney

USA-FL-Fort Lauderdale

Ft. Lauderdale office of our client seeks liability defense attorney with 3+ years of insurance defe...

Apply Now

Litigation Associate Attorney

USA-CA-San Francisco

San Francisco office of a BCG Attorney Search Top Ranked Law Firm seeks litigation associate attorne...

Apply Now

Senior Family Law Associate Attorney

USA-CA-Murrieta

Murrieta office of a BCG Attorney Search Top Ranked Law Firm seeks senior family law associate attor...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top