Some firms are laying off lawyers. Others are postponing incoming associate classes. Now another form of budget-cutting seems to be taking hold at law firms — slashing salaries for associates.
And that fledgling trend has come to Connecticut.
Hartford, Conn.-based Robinson & Cole, which has about 240 attorneys, confirmed Wednesday it is cutting associates' and counsel's annual salaries by $10,000. The pay cuts are effective immediately and affect incoming and current associates and counsel in all nine offices in the Northeast and Florida. The news comes on the heels of the firm's expansion into Providence, R.I., where it is opening a five-lawyer office on the strength of two lateral partner hires from Nixon Peabody.
April 16, 2009 at 12:00 AM
1 minute read
Some firms are laying off lawyers. Others are postponing incoming associate classes. Now another form of budget-cutting seems to be taking hold at law firms — slashing salaries for associates.
And that fledgling trend has come to Connecticut.
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