Morgan, Lewis & Bockius canceled its 2010 summer associate program on Tuesday, the first big firm to publicly do so. Firm Chairman Francis Milone addressed attorneys and staff via videoconference to inform them of the change of plans. Milone also detailed other cost-cutting measures, including a decision to eliminate lockstep compensation in favor of a performance-based system. The firm did not detail changes to its compensation and advancement structure.
Morgan Lewis Kills 2010 Summer Associate Program
July 15, 2009