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Kaye Scholer is cutting pay for associates who bill under 1,600 hours this year.
First- and second-years who aren’t on track to meet 1,600 hours this year will have their salary cut 20% for the rest of the year. Third-year associates will lose 15%.
If associates hit 1,600 hours before the end of the year, their pay will be restored.
Kaye Scholer is a law firm founded in 1917 by Benjamin Kaye and Jacob Scholer. The firm has more than 500 attorneys in eight offices located in New York, Chicago, Frankfurt, London, Los Angeles, Shanghai, Washington DC, and West Palm Beach.
