Job market cuts

June 2, 2009 at 2:30 pm | Posted in Legal Scholarship and Professional Development | Leave a comment
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Taking a $100,000 pay cut as a young lawyer might sound horrifying, but when the alternative is being unemployed, some take what they can get.  With the economy still struggling, one law firm has taken this route by telling some associates “they will be working in-house for clients at a salary of $60,000, down from $160,000.  There is no guarantee of continued employment after one year of this arrangement.”  Read the full article here.

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