Buchanan Cuts Associate Pay 5-10%

Buchanan Ingersoll & Rooney is cutting the pay of all associates by 5 to 10 percent.

However, the salary reduction may be higher or lower for a few associates, based on individual circumstances, according to a written statement provided by CEO Jack Barbour to Above the Law.

"This decision was not an easy one, but we feel that it is in the best interest of the firm and our clients to maintain the quality of service our clients have come to expect while keeping our rates at competitive levels," the statement explains.

The post doesn't say when the pay cut is expected to take effect.