Nationwide Pay Freeze Update: Slurpees Still on Ice (or Poured Out)
At the beginning of 2009, we were tracking salary freezes as law firms across the country froze their salaries at 2008 levels, rather than instituting lockstep raises based on seniority. Our most recent salary freeze round-up was in February. (We also acknowledged those that had raises as normal.)
Since then though, the salary freeze watch has been replaced by the salary cut watch. Rather than keeping salaries at 2008 levels, some firms are cutting back to 1998 levels.
Okay, not really. Salaries aren’t quite in line with the days of Ally McBeal, but some pay stubs are starting to resemble those of 2005.
So what about those firms that instituted “slurpee freezes” back in January? These firms said they were keeping salaries at 2008 levels, but that they planned to revisit the decision later in the year. It was assumed at the time that they would be revisiting in order to raise salaries, but that has not been the case.
If your firm hasn’t “revisited” the decision, that might be a good thing. None of those with slurpee freezes decided to raise salaries, though quite a few cut them. Specifics after the jump.
We checked in with a number of firms on the slurpee freeze list. Many thanks to Karen Sosa for her help on this — you’ll be learning more about her next week.
Some firms got back to us. Some did not. If you have any updates, feel free to e-mail them to us or to add information in the comments.
THE SLURPEE FREEZE LIST – CHECKING IN
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Earlier: Nationwide Salary Freeze Watch: Buchanan Ingersoll, and a New Round-up