Major Pittsburgh-based law firm cutting salaries

AP News
Posted: Nov 11, 2009 11:40 AM

The Pittsburgh-based law firm Reed Smith is delaying hiring new attorneys, who will see their entry-level salaries cut by nearly 20 percent when they join the firm in January.

Eight new attorneys in Pittsburgh will earn $110,000 annually, instead of $135,000, the starting rate for new attorneys hired last year. New attorneys in larger markets like Chicago, New York or Washington, D.C. will earn $130,000, instead of $160,000.

Reed Smith employs about 1,600 attorneys in 23 offices worldwide. The firm plans to hire 51 associates next year for its 15 U.S. offices.

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Those attorneys will join the firm in January, instead of this past September. The hirings were delayed, and the starting salaries reduce, because of the economic downturn.