At Winston: Double Salary Freeze is On, But Rates Set to Rise
February 12th, 2010 admin
Another salary shoe has fallen in Chicago. Winston & Strawn froze salaries last year, and they are doing it again this year. A tipster reports: Chicago received salary memos yesterday; DC just received salary memos today – All are individualized with no general pay scale included – just the recipient’s salary information. Based on conversations with numerous associates in both offices – those who did not make hours (1950), those who did, and those who exceeded, all salaries remained the same (frozen at 2008 rates). Well, at least that’s consistent. A few details from the memos after the jump. All the Winston salary memos were individualized. But there was some common language in all the memos: Base Compensation The firm is continuing to evaluate economic and market conditions. We will communicate additional information regarding Calendar 2010 associate compensation at a later…
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