Buchanan Ingersoll, Gray Plant To Cut Associate Pay

Law360, New York (June 25, 2009, 12:00 AM EDT) -- Taking a page from numerous other firms, Buchanan Ingersoll & Rooney PC has decided to cut associate salaries by 5 to 10 percent, while Gray Plant Mooty will slash associates' paychecks by 10 percent for the remainder of the year.

On Thursday, a representative for Buchanan Ingersoll confirmed the widespread salary reduction, with all associate classes expecting to take a hit in pay.

“The firm generally has reduced associate compensation at a rate of between 5 and 10 percent per year. Certain associates may receive a...
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