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Reply to "Anyone in biglaw get a pay cut?"
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[quote=Anonymous]Hasn't it basically just been less than one billing cycle since COVID-19? Is BigLaw this certain their clients won't be paying and/or their work will be gone? Seems preemptive at this point and perhaps premature. It's hard to believe their margins are this narrow that they would need to cut associates' pay this soon. Unlike bars, restaurants, or retail stores, they've been able to operate continuously and bill for services. Makes more sense to start with decreasing profit distributions to partners first, if anything. [/quote]
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