Morris Manning to Cut Associate Pay by Up to 15 Percent

Morris, Manning & Martin announced Friday that, effective Aug. 1, pay in the firm's real estate, lending and tax groups will drop by 15 percent and pay for other associates will drop by 10 percent. The firm's managing partner, Robert E. Saudek, said a decline in legal work, a readjustment of the associate salary market and a desire to avoid cutting jobs were factors in deciding to implement the salary cuts.