Cuts in Biglaw associate pay?

<p>There's talk that the starting salary for 1st year associates may be reduced by 10% to $144K:</p>

<p>Will</a> $144K Become the Norm for BigLaw Associate Starting Pay? | ABA Journal - Law News Now</p>

<p>I'd take a pay cut over getting laid off any day :)</p>

<p>$144k is still a lot of money. Most of the last $16k got eaten up in taxes anyways.</p>