Morgan Lewis has announced a series of steps designed to save cash, including the complete cancellation of its 2010 Summer Associate Program.
The firm will do no on-campus interviewing this Fall; and current summer associates are seeing their start dates pushed back to 2011.
The firm also intends to end lock-step compensation in 2010, switching to a merit-based system.
Morgan, Lewis & Bockius LLP is a law firm that was founded as Morgan & Lewis in Philadelphia in 1873. It has 1,400 lawyers in 22 offices worldwide.
