Yes. Basically save as a lower version *.skp version 7 or 8 and import it.
I've not had any issues like Francisco mentioned but that's probably because of how I do the export. I try not to export everything at once. So my model's grouped into something like this; Building, Site, Interior Objects..... e.t.c. (mind you each group still has groups within).
So for example, before I import the file, I'd have hidden all the other groups except the building, save then import (As you know, the options in max allow you to ignore hidden geometries when importing). When this comes in, it'll be split into individual groups and components but that's fine. I quickly go over them selecting instances and reapplying wire colours to similar objects, when done I group all of that as one; in this case "building". And repeat the process till everything's come in. Usually one of the import's will come in with the cameras as well then I disable for all the others.
EDIT: This process also makes it easy to assign things to layers as I bring them in.