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Uncertain Economy May Hurt Associates' Compensation
By most accounts, associates at Pennsylvania's small and midsize firms enjoyed salaries and bonuses in 2007 that were consistent with or higher than those of the year before. But now some associates may feel the effects of a downturn depending on their firms' philosophies toward compensation. Manny Pokotilow, managing partner of Caesar Rivise, says he's no more or less nervous about the financial climate in 2008 than he is at the beginning of any other year. "Every year looks uncertain," he says.