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Reply to "Anyone in biglaw get a pay cut?"
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[quote=Anonymous][quote=Anonymous]Op here. I am in the L&E group, which has been busy. Practice group leader told an of counsel in the group that the firm is seriously looking at furloughs and layoffs, including for partners without a 100% equity interest in the firm. I’m a traditional labor lawyer and service the book of a fairly of a fairly big rainmaker so I hopefully have some job protection, but who knows. The employment litigators have to be fairly worried right now. [/quote] My husband is also a big rainmaker law partner at a AM Law rated firm. They are planning for layoffs if needed and already announced 20 percent pay cut. I personally think it’s premature as there is positive news. We are better off than most people but they are talking even more cuts to partner profits, it’s like 50 percent. And this firm makes budget every year so it’s not like they don’t know how to manage money. [/quote]
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