Reply to Anyone in biglaw get a pay cut?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]"Not a lawyer, but why would a firm lay off an associate in a busy practice area? Seems dumb. I like the idea of cross-training strong associates in dead areas though."

Some will do it to protect partners whose practices have slowed down, but passing that associate's work on to the partner.

I suspect that unless our economy does a sharp "V", [b]review time at big law will be ugly, with associates, of counsel and some non-equity partners getting false and overly-negative reviews in order to set them up for performance-based layoffs.[/b][/quote]
Hopefully not. Why bother with this charade, when when they're at-will employees, and the firm can just "blame the economy."?[/quote]

Because law firms care very deeply about the perception that they're wildly profitable, even if that's not true.  From a big law firm's perspective, it is infinitely better to gin up a reason to fire an associate who is actually performing decently than it is to acknowledge that the firm has money problems and needs to lay people off.  This is precisely what Latham & Watkins did during the Great Recession and that reputation has followed them for the past decade.  [/quote]

This is an idiotic practice! In normal times when the industry is doing fine and they had some financial mismanagement they might be able to get away with that. But if ALL law firms all laying off and the reason why is obvious the performance excuse is not going to work.[/quote]

didn't stop them in '07/'08. 
[/quote]

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