Nixon Peabody Cuts First-Year Salaries to $145,000
Nixon Peabody has cut first-year associate salaries in its major offices from $160,000 to $145,000 and also announced plans to cut associate salaries across the board, a spokeswoman confirmed Wednesday. According to a statement released by the firm's managing partner, in addition to cuts in major offices, first-year associates in offices outside "major financial centers" will see a salary reduction. And the base pay of current associates will be adjusted, "based on individual performance and contribution to our firm."
