Snell & Wilmer Takes Slice Off Top Of Associate Pay

Law360, New York (June 22, 2009, 12:00 AM EDT) -- Following in the footsteps of dozens of other law firms, Snell & Wilmer LLP has decided to slash associate salaries by 10 percent as the Phoenix-based outfit continues to grapple with market-based realities.

On Monday, a representative from Snell & Wilmer confirmed that the firm had decided to reduce associate salaries by 10 percent across the board.

The firm held a meeting on June 16 with the associates to notify them of the salary changes, which will be reflected in the associates' July 15 paycheck, according...
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