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Reply to "Anyone in biglaw get a pay cut?"
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[quote=Anonymous][quote=Anonymous]Do these firms think no one notices that they have not even given this sufficient time to determine whether there is an actual downturn in their business? What other businesses that have remained open and operational have instituted paycuts and layoffs? Are they that risk adverse that they cut everyone based on what might happen?[/quote] Are the pay cuts temporary or permanent? If permanent, then I'd surmise that the projected (and now likely) drop off in billable work is being used as an excuse to lower salaries across the board, while still preserving PPP.[/quote]
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