Thompson Hine has told its associates and other non-partner lawyers that it will impose an across-the-board $17,500 base salary reduction. Those lawyers will, however, be able to earn back some or all of that sum as a bonus if they bill at least 1,750 hours this year. The firm also announced layoffs, eliminating the jobs of 12 associates, five paralegals and 29 secretaries. Thompson Hine is the second Am Law 200 firm in recent days to cut salaries, following Wolf Block's 10 percent reduction in associate pay.
Thompson Hine Cuts Positions, Associate Pay
The American Lawyer
February 23, 2009