Law firm cost cutting in 2009 

Posted: 1:00 am Mon, July 20, 2009
By Minnesota Lawyer

July 2009Lindquist & Vennum, effective July 1, pared back associate compensation by 10 percent. Additionally, the firm delayed the starting date of its incoming class of new associates to January 2010. June 2009Fredrickson & Byron cut first- through third-year associates’ pay cut by 10 percent; fourth- and fifth-year associates’ pay was reduced by 8 percent; ...