Chadbourne & Parke plans to award a lump sum payment in early 2010 that would give back to associates and staff money the firm previously cut from their paychecks.
In April, the firm trimmed U.S. employee salaries by an undisclosed amount in an effort to reduce expenditures and avoid further cuts after laying off 25 attorneys a month earlier. At the time, Chadbourne promised employees they could recoup all or part of the reduction in a bonus depending on the firm’s financial performance.
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