Venable Cuts Compensation for All Lawyers & Staff
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

Baltimore’s Venable is cutting salaries across the board, affecting all lawyers and staff, including partners.

Base compensation for our first year associates is being cut from $160,000, formerly the Biglaw standard, to $145,000. The base compensation for all other associates will be reduced by 8%, with a floor of $150,000 and $155,000 for second year and third year associates, respectively.

Base compensation for all of counsel will be reduced by 8%.


All non-equity partners will see a base compensation reduction of 8%, excepting those that are on track that meet the firm’s 1800-hour billable hour standard.

Senior staff will have a base compensation reduction of 8%. All other non-legal staff will be unaffected.

The profiles for equity partners were set at 5% below last year’s earnings at the beginning of the year. The final compensation decisions for equity partners will be based on 2009 individual and firm performance.

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!!

All compensation adjustments will be effective July 11, 2009.

In March, the firm laid off 64 people and deferred incoming associates.

Venable LLP is a law firm, formerly known as Venable, Baetjer & Howard LLP. It was founded in Baltimore in the post-Civil War period. Today the firm maintains six Northeastern US offices and specializes in patent litigation, labor and employment law and white collar investigations. Venable employs nearly 600 attorneys.


Interesting Legal Sites You May Like




Search Now

IP Technical Advisor with 1-3 years of software experience


Alexandria office of our client seeks IP technical advisor with 1-3 years of experience in IP applic...

Apply Now

Attorney with 8 years of civil litigation experience

USA-CA-Los Angeles

Westside law firm of our client is seeking an attorney with 8 years of civil litigation experience, ...

Apply Now

Senior Attorney with litigation experience

USA-NY-New York City

New York City non profit is seeking a senior litigation counsel to manage litigation strategy as wel...

Apply Now

Senior Attorney with intellectual property litigation experience

USA-CA-San Francisco

San Francisco office of our client seeks senior attorney with experience. The candidate will be repr...

Apply Now


Litigation Associate (Junior to Mid-Level) - Medical Malpractice - Garden City, NY

USA-NY-Garden City

Defense firm seeking junior to mid-level associate for Garden City office to fill Medical Malpractic...

Apply now



Lang, Richert & Patch a Fresno area AV-rated law firm located in the highly desirable Fig Garden Fin...

Apply now



INSURANCE DEFENSE / TRANSPORTATION LITIGATION Law firm located in North Houston seeking an associ...

Apply now

Hotline & Training Managing Attorney (IMMIGRATION)

USA-NY-New York City

Summary: The Hotline & Training Services Managing Attorney will guide, develop, and supervise the Ho...

Apply now

Most Popular


To Top