We got an interesting comment to our article on Dorsey & Whitney and some other local firms lowering associate salaries by 10 percent as a result of the economic downturn (click here for list of firm cutbacks). Apparently not all of the associates whose salaries are being cut buy the idea that everyone at their firms is shouldering the pain equally. Here’s the comment:
I’m an associate at a comparable firm. My salary has been reduced, but my billing rate was increased by 10% this year. It’s funny how these firms spin salary cuts as a reaction to client demands. If that were the case, perhaps firms would consider cutting partner comp, considering it is often HUNDREDS OF THOUSANDS of dollars higher than associates’ comp.
