McGuireWoods Cuts Salaries For New Associates

Law360, New York (March 6, 2009, 12:00 AM EST) -- McGuireWoods LLP said Friday it had cut salaries for the first-year associates who will join the firm in September by 10 percent.

A firm representative also said McGuireWoods was freezing salaries for all current associates at 2008 levels, but was not planning any layoffs and has not rescinded any job offers. The firm has not announced any layoffs to date.

Starting salaries for associates at McGuireWoods range from $110,000 to $160,000, depending on the office. Based in Richmond, Va., the firm has about 900 attorneys in...
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