Biglaw

This Am Law 100 Firm Has Reversed All Salary Cuts, And Is Making Good On Promise Of Back Pay

Good news at the firm!

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The COVID-19 winds have really changed at the Biglaw firm of Pillsbury Winthrop. The firm, which placed 62nd in the most recent Am Law 100 rankings, was early in the trend of rolling back their austerity measures, and now those cuts are completely over.

Back in the spring, the firm made series of austerity cuts, designed to avoid layoffs, that included reducing partner monthly draws by a minimum of 25 percent, cutting associate and counsel compensation by 20 percent, and cutting all staff compensation by up to 15 percent for those who make more than $100,000 and by 10 percent for those making between $75,000 and $100,000 (with chief officers volunteering to take higher reductions, commensurate with those of partners). In August, Pillsbury began the process of rolling back the measures by reducing the salary cuts and pledging to pay everyone back the money they missed out on.

Now the firm has completely reversed course. As of October 2, all of the salary cuts are officially over. What’s more, those promised payments of rebates of withheld pay have also been made — a feat the firm credits to its  strong year-to-date performance.

If your firm or organization is slashing salaries, closing its doors, or reducing the ranks of its lawyers or staff, whether through open layoffs, stealth layoffs, or voluntary buyouts, please don’t hesitate to let us know. Our vast network of tipsters is part of what makes Above the Law thrive. You can email us or text us (646-820-8477).

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headshotKathryn Rubino is a Senior Editor at Above the Law, and host of The Jabot podcast. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).

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