McDermott Cuts Summer Associates' Salaries

Law360, New York (May 29, 2009, 12:00 AM EDT) -- First-year associates at McDermott Will & Emery LLP are in the clear for now, but summer associates arriving at the firm will be paid on a $135,000 scale rather than $160,000 due to the dismal economic outlook plaguing the legal industry.

McDermott previously advised this year's class of incoming summer associates that their compensation would be determined in the spring of 2009, and that the information regarding compensation for the summer was shared with all of the summer associates at the firm upon arrival, "as we...
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