Chadbourne Defers Half its Incoming Associates

Half of the incoming class of associates at Chadbourne & Parke have been deferred indefinitely. The firm will pay the deferred associates an additional stipend of $60,000.

This deferral comes on top of salary cuts in April and layoffs in March.

New York’s Chadbourne & Parke LLP, founded in 1902 by Thomas L. Chadbourne, employs 400 lawyers and tax advisers in 13 offices in nine countries. Chadbourne is best known for its global practice in project finance and energy, international insurance and reinsurance practice, multi-jurisdictional litigation in courts from Rhode Island to Russia, and corporate transactions.