Faegre & Benson Cuts Associate Starting Salaries

Law360, New York (September 16, 2009, 8:02 PM EDT) -- Faegre & Benson LLP has trimmed starting salaries for new associates in its Minneapolis office from $120,000 to $110,000, firm spokesman Thomas Schierholz confirmed Wednesday.

Starting salary in the firm's Des Moines office will be $95,000, down from $100,000, and in London it will be £50,000, down from £55,000, Schierholz said.

In a memo acquired by blog Above the Law, the firm said it had been monitoring changes in starting salaries across the country and had been listening to client concerns about the cost of legal...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.