In a meeting with associates Thursday, Buchanan Ingersoll CEO John A. Barbour announced that the firm is making cuts in associate compensation, in response to the recession. In information provided to The Legal Intelligencer, Barbour said the firm is reducing associate compensation by between 5 percent and 10 percent per year, effective July 1. The reductions will be determined on an individual basis and will be based on such factors as billable hours, profitability and quality of work, Barbour said.
Buchanan Ingersoll to Cut Associate Pay
The Legal Intelligencer
June 26, 2009