DLA Piper Cuts Starting Pay to $145K, Apparently May Eliminate Lockstep

A major BigLaw firm has joined a small but growing list of well-known law firms that have recently announced associate salary reductions. Plus, DLA Piper is also imposing salary cuts on more senior associates and moving away from a traditional lockstep compensation scheme in which all attorneys who graduated from law school in the same year get the same salary. The pay cuts are announced in an internal memo today that was obtained by Above the Law.

DLA Piper Cuts Starting Pay to $145K, Apparently May Eliminate Lockstep abajournal.com Mon, May 18, 2009