We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

No End In Sight For Associate Pay Cuts

Law360 (September 14, 2009, 2:28 PM EDT) -- Changes and reductions made to associate pay will likely outlast the recession as law firms increasingly move toward merit-based systems of compensation, consultants said.

Law firms around the country have slashed the pay of associates as they try to cut costs and ride out the recession. When the downturn ends, large law firms will likely not return to the $160,000 benchmark for first-year associates, consultants said.

“There is no longer any pressure for law firms to pay the salaries that the top-tier law firms are paying,”...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.