Florida’s Akerman Senterfitt has announced a 10% cut in all associate salaries for all years, effective today. The firm blames “market conditions.”...
Weil Gotshal, which in May laid off 79 staff and in June announced the closure of its Austin, Texas office, is cutting...
San Francisco’s Orrick, which laid off 300 employees in March, is abandoning lock-step compensation for associates. Under a lock-step scheme, associate salaries...
A study by the National Association for Law Placement, or NALP, shows a widening disparity in law firm associate salaries, with most...
Florida’s Ruden McClosky, which laid off two lawyers and 18 staff in May, is cutting associate and non-equity partner compensation by 8%....
Phoenix, Arizona’s Snell & Wilmer, which in May laid off between 30 and 40 staff members, has now cut associate salaries by...
Contrary to early online reports, global intellectual property firm Fish & Richardson has not announced pay cuts. In fact, at a firmwide...
Sources on the blawgosphere report that Seattle’s Davis Wright Tremaine has cut associate salaries by 5%. The cut affects all class years....
Yesterday Hogan & Hartson laid off 93 US support staff. Today we learn more about changes in compensation for associates who joined...
Many law firms are using the economic meltdown as an excuse to end seniority-based pay for associates, adopting “merit-based” systems similar to...
New York’s Simpson Thacher & Bartlett is sending some of its associates to year-long stints at nonprofit organizations. The firm has extended...
