Nationwide Salary Cut and/or Freeze Watch: A Request for Updates

These days, salary cuts at large law firms appear to be more popular than salary freezes. A salary freeze may actually be “good” news to associates, insofar as it’s not as harsh as an outright salary cut.
On the other hand, having your salary cut is better than being laid off — at least according to ATL readers. In our recent poll on the issue, 58 percent of you said a firm should cut salaries for all associates in order to save jobs. Yesterday we heard from a victim of Cadwalader’s latest layoffs — the firm tried to cast them as “sabbaticals,” but please see our updated post for a reality check — who expressed anger that the firm didn’t try to cut salaries across the board to avoid cuts.
We try to keep our coverage of salary cuts and salary freezes as up-to-date as possible. A quick reminder: if you have information that we haven’t previously reported (do a site search to check), please email us (with either “Salary Cut” or “Salary Freeze” in the subject line). Thanks.
Update: Pay cuts — they’re not just a Biglaw thing. Midsize firms are contemplating them too. Hello, deflation!
Midsize Firms Weigh Salary Cuts [The Recorder via Law.com]

Sponsored