Chairman's $1M Pay Cut Puts Dechert In PR Bind

Law360, New York (May 12, 2009, 12:00 AM EDT) -- While a handful of firms have already revealed that partners will be taking a salary hit in 2009, Dechert LLP chairman Barton J. Winokur's reported $1 million pay cut caught the attention of the legal industry Tuesday — much to the chagrin of the firm itself.

A Dechert spokesperson confirmed that chairman Barton J. Winokur had opted to take a percentage pay cut after someone leaked word to the Philadelphia Inquirer of the draw-down, revealed in a closed-door meeting of big-firm leaders in April.

The revelation...
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