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associate salaries

Salary Cut at Pillsbury Winthrop

Pillsbury's first year associates outside of New York are receiving a salary cut, down to $145k. Any first year that…

Weil Gotshal Bonuses

Weil Gotshal is paying most of its associates on the Sullivan & Cromwell scale - $7500 for the first years…

Salary Thaw at Akin Gump

Akin Gump has lifted its salary freeze and is planning to pay out bonuses, according to a memo sent out…

Holland & Knight is the Next to Abandon Lockstep

I think it's time for some new terminology. Lockstep compensation referred in the past to associates moving up in pay…

Stroock Pays Bonuses, Lifts Salary Freeze

Stroock is handing out bonuses this year, and like so many before them, they're paying on the Cravath schedule. That…

Seyfarth Shaw Abandons Lockstep

Like many firms before it, Seyfarth Shaw is abandoning lockstep starting in 2011. Details haven't been released, not even to…

Sonnenschein Abandons Lockstep and Cuts Staff

There are two unconnected stories coming out of Sonnenschein today. The first is that the firm has made staff cuts…

WilmerHale Ditches Lockstep

WilmerHale is abandoning lockstep compensation and adopting a merit based three tiered system that should look familiar to anyone that's…

McDermott Will & Emery Issue More Deferrals

McDermott Will & Emery associates were supposed to start work in January, but many are now being deferred again. Details…

DLA Piper Abandons Lockstep

DLA Piperhas joined the lockstep march away from lockstep compensation. In a memo today, the firm outlined its new associate…

Orrick Moves Away From Lockstep

Orrick presented its new compensation plan to its associates today, and there was much rejoicing. Unlike many firms that cut…

Chadbourne & Parke Restoring Salaries

In April, Chadbourne & Parke cut associate salaries and promised that some or all of the money would be returned…