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IP Firm Townsend Joins Ranks Of Salary Slashers

By Erin Fuchs (September 28, 2009, 4:02 PM EDT) -- Intellectual property law firm Townsend and Townsend and Crew LLP has told associates in an internal memo that it plans to cut salaries in 2010 — starting first-years at $145,000 — and that by 2011, it will launch a merit-based pay scheme....

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