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Foley Hoag Embraces Pay Cuts, New Bonus System

Law360, New York (October 29, 2009) -- Foley Hoag LLP has become the latest law firm to slash base salaries for associates, informing employees of the impending pay cuts as part of a strategic reform to improve attorney development.

A spokeswoman for Foley Hoag on Thursday confirmed the new compensation system, which also includes changes to the firm's bonus program....

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