Chicago's Much Shelist Denenberg Ament & Rubinstein has cut pay for its lawyers and top administrators by 10 percent to adjust to a slowdown. While the firm had a record December in terms of financial performance, "January was eerily quiet," and February has been difficult, according to Chairman David Brown. The firm has also started loaning out some of its idled lawyers to corporate clients at no charge to give the companies more legal help and align the interests of the firm and the client, he said.
Chicago Law Firm Cuts Pay for Attorneys, Top Administrators
The National Law Journal
February 27, 2009