Chadbourne’s Bonus Aims to Repay Cut Salaries
Posted Nov 30, 2009 6:23 AM CST
By Debra Cassens Weiss
Associates and staffers at Chadbourne & Parke who saw their pay cut last April will get the money back early next year in a lump sum payment.
The decision, announced internally in September, was publicly disclosed last week, the New York Law Journal reports.
Chadbourne never specified the amount of the pay cuts implemented in April. At the time, Chadbourne’s media relations manager, Andrew Blum, said personnel would be eligible to recoup the money at bonus time, based on law firm and individual performance.