Blank Rome Trims Associate Pay At 5 Offices

Law360, New York (July 2, 2009, 12:00 AM EDT) -- Blank Rome LLP announced Thursday that it would be cutting new associate salaries by $15,000 in five offices and more senior associate salaries by 2 percent to 10 percent, blaming unfavorable market conditions.

The starting salary for new associates will be reduced from $160,000 to $145,000 in New York; from $145,000 to $130,000 in Philadelphia and Princeton, N.J.; and from $150,000 to $135,000 in Washington and Wilmington, Del.

Salaries for more senior classes of associates will be reduced by 2 percent to 10 percent on a...
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