Biglaw, Money, Perks / Fringe Benefits, Skaddenfreude

Biglaw Reversed Perk Watch: K&L Gates Cuts off 401(k) Contributions?

K&L Gates Kirkpatrick Lockhart Preston Gates Ellis Abovethelaw Above the Law blog.jpgWhen it comes to perks and fringe benefits, Biglaw giveth, and Biglaw taketh away. From a tipster:

Did you see the internal memo at K&L Gates announcing that the firm will cease contributions to attorney 401k plans? I found it interesting because it mentioned that similar reductions are occurring at other “major firms.” Which strikes me as stunning if true.

Of course, as noted in the comments to our earlier open thread on retirement benefits, many top law firms don’t contribute to attorney 401(k) plans in the first place. But if you know which “major firms” are being referred to in the memo, please share what you know, in the comments.
We received this information from a reliable source, but we haven’t seen the K&L Gates memo itself. If you have a copy to pass along, please email us. Thanks.
Earlier: Biglaw Perk Watch: Retirement Benefits and Financial Planning

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