Kilpatrick Stockton has announced that it will cut associate salaries by 10 percent, effective July 1. Starting pay will drop from $160,000 to $145,000 in the firm's New York and Washington, D.C., offices and from $145,000 to $130,000 in Atlanta and North Carolina. All associates in the firm's U.S. offices are affected, except for some hired this year, said the firm's co-managing partner. "The reduction was motivated by looking at what the market is doing," she said. "It appears that a market correction is occurring."
Kilpatrick Cuts Associate Pay by 10 Percent
June 5, 2009