Roll It Back
If there's any message to be taken from the steady stream of law firms rolling back compensation cuts, it's that the sky hasn't fallen.
August 20, 2020 at 09:00 PM
7 minute read
Four months ago, firms were slashing compensation across the board. Now, many are restoring part, if not all of the pay that had been taken away from income partners down to professional staff. Did firms overreact at the start of the pandemic? Are they making adjustments too soon? Email me here. Want this dispatch in your inbox every Thursday? Sign up here.
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Roll It Back
It's a lot easier to learn about law firms reversing pay cuts than implementing them in the first place. Granted, we find out about both. Painful austerity measures make people unhappy. They send anonymous emails, or post angrily on social media. Some firms, well aware of this, are quick to reach out to us. Others need to be pushed. But the news of the cuts comes out eventually.
But who wants to hide the fact that they're restoring pay that had been taken away? That's good news! Let's share it widely and loudly.
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