DLA Piper is cutting salaries for its 550 US-based associates and moving compensation towards a merit-based system. The firm said in a memo that it will reduce first-year associate salaries in its major markets from $160,000 (£105,000) to $145,000 (£95,000). First-year salaries in second-tier cities, which stood at at $145,000, will drop to $130,000 (£85,000).For all other associates, cuts will be made on a case-by-case basis, depending on performance and class year. The cuts will become effective in June.
May 18, 2009 at 05:09 AM
1 minute read
The original version of this story was published on Legalweek
DLA Piper is cutting salaries for its 550 US-based associates and moving compensation towards a merit-based system.
The firm said in a memo that it will reduce first-year associate salaries in its major markets from $160,000 (£105,000) to $145,000 (£95,000). First-year salaries in second-tier cities, which stood at at $145,000, will drop to $130,000 (£85,000).
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