Temporary 10% Pay Cut at Troutman Is Based on Individual Performance

Troutman Sanders has confirmed a 10 percent cut in what the law firm describes as "the total amount of associate pay that was budgeted for Aug. 1-Dec. 31, 2009."

However, reductions in associate compensation will be determined based on individual performance evaluations rather than across the board, the law firm explains in a written statement provided to Above the Law.

The firm says it is making the move because of "changing market conditions for associate compensation."