Seyfarth Shaw is cutting associate salaries by 5 percent to 10 percent for all first-years who start in 2010, according to J. Stephen Poor, the firm's chairman and managing partner. The firm declined to comment beyond a statement Poor released in which he tied the salary reductions to "pressure" its clients are feeling to cut costs. The announcement came on the same day Seyfarth informed half of its 16 incoming first-years scheduled to start in January that they would not start until October 2010.
Seyfarth Latest to Cut First-Year Associate Pay
The American Lawyer
November 23, 2009