DLA Piper Slashes Associates' Pay

Law360, New York (May 15, 2009, 12:00 AM EDT) -- DLA Piper said Friday it would be reducing its base associate compensation in its major markets to $145,000, citing the effects of the grim economy in the legal industry.

DLA Piper said the pay cuts, revealed Friday in an internal memo posted on legal blog Above the Law, were necessary in order to provide the firm with “flexibility and additional competitive strength to win important engagements and continue to grow our business.”

“No one can predict the next developments in the economy, but we believe that...
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