How a Northwestern Law student uses collective bargaining to help everyone get a better deal. Legal recruiter Larry Watanabe told Law360 there likely will be a flood of law firms cutting staff, reducing pay and cutting partner draws. | Some Big Law firms have made layoffs, others have rolled back compensation cuts that they imposed earlier in the year, and a select few are giving surprises bonuses to overworked first years. var myDate = new Date(parseInt(1599950827000)); }); Webcast Date : Tuesday, September 29, 2020 | In the final session of our Legaltech Series, find out how to empower your legal team to seamlessly collect data from communication platforms. “A typical reduction is in the range of 30%,” he said. Contact Us / Honoring outstanding legal achievements focused at the national level, largely around Big Law and in-house departments. Create a free account then log in anytime to view your progress. December 01, 2020 FAQ / Copyright © 2020 ALM Media Properties, LLC. Get these “survival tactics” to help enable your firm to weather the economic, technical, and practical challenges of this new normal. Other law firms that have taken temporary measures in response to work slowdowns include: • Baker Donelson, which is imposing pay cuts, reducing partner draws and furloughing some employees. About Us / Capital partners’ monthly draws will be cut 20%. Milbank matches higher scale for special bonuses. Customer Service / Every day. var pday = moment(myDate).format("MMMM DD, YYYY"); As business dries up in certain practice areas, firm managers are facing tough decisions. Are your clients underprepared to phase out LIBOR in 2021? Squire Patton Boggs (US) LLP, a global law firm, is currently seeking an experienced, detail-oriented, and highly motivated Intellectual Pro... Cozen O'Connor's Miami office seeks an associate with at least two years of experience to join the firm's renowned Global Insurance Departme... Assistant Executive Director/Legal Counsel New York Society for the Prevention of Cruelty to Children New York, NY FIBICH LEEBRON COPELAND & BRIGGS congratulate Attorney Erin Copeland for her inclusion as a Litigator of the Week by The American Lawyer. BigLaw pay cuts and layoffs are likely to…. Legal Ops Leaders: Join the Premier Benchmarking Survey, Mid to Senior Capital Markets Associate Attorney, The Top Law Schools In America! P.C. Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. You can follow her on Twitter or connect with her on LinkedIn. News Pay Cuts, Layoffs, and More: How Law Firms Are Managing the Pandemic Our firm-by-firm guide to how law firms are protecting their bottom lines from the … Tailored just for you. Legal staff members, including associates, will see a 25% pay cut, as will senior administrative staff members earning more than $100,000 per year. var myDate = new Date(parseInt(1600143126000)); document.addEventListener('DOMContentLoaded', function() { Am Law 100 Firm Is Conducting Layoffs And Still Rolling Back Pay Cuts. The American Lawyer, its sibling publications and other media organizations present ongoing coverage of law firm layoffs and related news.