Kaye Scholer Opts For Salary Cuts With A Twist

Law360, New York (June 24, 2009, 12:00 AM EDT) -- Starting in July, Kaye Scholer LLP intends to cut the salaries of junior associates who are not on track to hit their billable hour targets for 2009, opting for a surgical strike rather than an across-the-board cut.

For the rest of the year, the New York-based firm will reduce by 20 percent the salaries of first- and second-year associates who failed to hit their June 1 billable targets, suggesting that they will not clock 1,600 hours by year's end, according to a source familiar with the...
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