Faegre & Benson Cuts Associate Starting Salaries

Law360, New York (September 16, 2009, 8:02 PM EDT) -- Faegre & Benson LLP has trimmed starting salaries for new associates in its Minneapolis office from $120,000 to $110,000, firm spokesman Thomas Schierholz confirmed Wednesday.

Starting salary in the firm's Des Moines office will be $95,000, down from $100,000, and in London it will be £50,000, down from £55,000, Schierholz said.

In a memo acquired by blog Above the Law, the firm said it had been monitoring changes in starting salaries across the country and had been listening to client concerns about the cost of legal...
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