Nationwide Salary Cut Watch: Foley & Lardner Goes Down 10%

While firms seem to be focused on dealing with their summer associates and future summer associates over the past couple of weeks, there are still regular full time associates working at Biglaw firms. They’re not extinct. And they still get paid. It’s just that they are getting paid less.
Foley & Lardner has become the latest firm to cut associate salaries. Multiple independent sources report that the firm as instituted a 10% pay cut for all associates in all offices.
The firm declined to respond to our multiple requests for comment.
But the move is not totally surprising. The firm is ranked #67 on last year’s Vault rankings. Many firms at that general level have cut salaries. And if you look at #66 on that list, you’ll see it’s Heller Ehrman. And we know how things worked out there.
So take heart, Foley friends. Things could be a lot worse.
Earlier: Prior ATL coverage of salary cuts

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