King & Spalding Resets Associate Salaries to 2008 Levels
After watching its competitors slash salaries all summer, King & Spalding has announced it will cut pay for associates, other salaried attorneys and consultants, effective Sept. 1. The firm announced the pay cut to its personnel late Thursday in a memo. Partner-track associates will have their base salaries reduced to last year's levels, and those in Atlanta and Charlotte, N.C., will take an additional $10,000 hit. The memo notes salaries for counsel, staff attorneys and consultants will be cut by 5 percent.
