Orrick follows Latham with associate pay freeze
Orrick Herrington & Sutcliffe has followed Latham & Watkins with the announcement that it is to freeze associate pay for 2009. The move means that, for example, a first-year associate at Orrick will not move through the firm's pay bands and will continue to earn the same amount as during 2008.However, the firm will stick to the bonus structure that it announced in June last year and hand out bonuses ranging from $25,000 (£17,200) to $50,000 (£34,300) with additional discretionary bonuses.
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