Los Angeles’ Allen Matkins cut first-year associate salaries on Tuesday, an indication that cracks are starting to show in the compensation model for new associates.
All first-years at Allen Matkins Leck Gamble Mallory & Natsis are now making $145,000, and those joining in the fall will make that much as well, said managing partner Brian Leck. Some associates at higher levels will also see their pay cut.
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