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Large Firms

Oct. 21, 2009

MoFo Shrinks First Year Pay

The San Francisco-based Morrison & Foerster is the latest firm to trim starting salaries from $160,000 to $145,000.

By Sara Randazzo

Daily Journal Staff Writer

When it comes to first-year salaries at big law firms, $145,000 is the new $160,000.

San Francisco-based Morrison & Foerster is the latest firm to make the cut, confirming Monday that salaries will decline for incoming associates in most markets.

Not all MoFo offices will be treated equally: Those working in New York or Asia will continue to earn $160,000, while new...

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