Anyone in biglaw get a pay cut?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Meh, I'm a GC. A big part of the reason I pay biglaw prices is for air cover. You give me and my execs the air cover I think is best.

AARP?

Air cover? That’s new name for it to me. But you waste your company’s money and you are a fool to pay big firm prices for litigation. Big waste.

This isn’t unusual. We (large company) have done this in the past. We just assigned a major case to a small firm who has done a great job on several smaller cases for us. In the past, we would have used a big named firm. We’re getting more price conscious now.

Not all good lawyers want to be a part of big named firms.

Ok

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Meh, I'm a GC. A big part of the reason I pay biglaw prices is for air cover. You give me and my execs the air cover I think is best.

AARP?

Air cover? That’s new name for it to me. But you waste your company’s money and you are a fool to pay big firm prices for litigation. Big waste.

This isn’t unusual. We (large company) have done this in the past. We just assigned a major case to a small firm who has done a great job on several smaller cases for us. In the past, we would have used a big named firm. We’re getting more price conscious now.

Not all good lawyers want to be a part of big named firms.

Ok

DP. You really think all lawyers want to work in Biglaw? Many don’t want to work those hours. Others don’t want to work for corporate clients. Some want to do types of work that aren’t available in Biglaw.

Sure, there are plenty of people who want to go to Biglaw (or stay in Biglaw) who can’t, but that is far from everyone.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Meh, I'm a GC. A big part of the reason I pay biglaw prices is for air cover. You give me and my execs the air cover I think is best.

AARP?

Air cover? That’s new name for it to me. But you waste your company’s money and you are a fool to pay big firm prices for litigation. Big waste.

This isn’t unusual. We (large company) have done this in the past. We just assigned a major case to a small firm who has done a great job on several smaller cases for us. In the past, we would have used a big named firm. We’re getting more price conscious now.

Not all good lawyers want to be a part of big named firms.

Ok

DP but I can’t imagine going back to a big law firm. I think a lot of the people were weirdos too. And that was the normal ones.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Meh, I'm a GC. A big part of the reason I pay biglaw prices is for air cover. You give me and my execs the air cover I think is best.

AARP?

Air cover? That’s new name for it to me. But you waste your company’s money and you are a fool to pay big firm prices for litigation. Big waste.

This isn’t unusual. We (large company) have done this in the past. We just assigned a major case to a small firm who has done a great job on several smaller cases for us. In the past, we would have used a big named firm. We’re getting more price conscious now.

Not all good lawyers want to be a part of big named firms.

Ok

DP. You really think all lawyers want to work in Biglaw? Many don’t want to work those hours. Others don’t want to work for corporate clients. Some want to do types of work that aren’t available in Biglaw.

Sure, there are plenty of people who want to go to Biglaw (or stay in Biglaw) who can’t, but that is far from everyone.

+1

My former boss is a great example. He opened a big law office and was very high up on the food chain in his previous big firm. He wanted to be his own boss, opened his own firm with a few other partners and had had a very successful boutique firm for the past 20 years. He has autonomy and doesn’t have to answer to anyone except his clients

[Anonymous]

Anonymous wrote:

Anonymous wrote:I'm at a mid-sized law firm in Northern CA. We've been having firm-wide meetings (separated into section leaders, COVID Team, partners, staff) via Webex almost once a week.

Things are changing multiple times a day, and we keep changing policy to adjust. Nobody has been laid off, and there have been no pay-cuts. Right now, only our coffee attendants and some of the copy room has been furloughed.

So the partners and associates are still making full comp, but the lowest paid people at the firm have been furloughed?

Lovely. And by lovely I mean disgusting.

At my AmLaw 50 firm, the equity partners have been the first, and thus far only, people to take pay cut.

Opposite at my firm. Partner draws delayed, but staff is getting full pay.