Troutman Sanders announced Wednesday that the firm will cut associate pay, effective Aug. 1, for the remainder of the year — but the pay cut will vary for each associate. The total salary reduction will be 10 percent, said Robert W. Webb Jr., the firm’s chairman.
“If we do increases that are merit-based, then we should do decreases that are merit-based,” Webb said, noting that Troutman raises salaries based on merit, not by lockstep.
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