Holland & Knight offices. Courtesy photo Holland & Knight, Stoel Rives Partially Restore COVID Pay Cuts
As they outperform the bleak forecast they had expected in March, more firms are rolling back compensation reductions.
August 24, 2020 at 07:08 PM
3 minute read
Two more Am Law 200 firms have announced that they will partially restore pay cuts to attorneys and staff made earlier this year: Holland & Knight and Stoel Rives. They join about a dozen other Am Law 200 firms that have now restored—at least partially—their compensation for partners, lawyers and staff.
In May, Holland & Knight instituted firmwide austerity measures as a response to the novel coronavirus and its subsequent hammering of the economy. But a firm spokesperson confirmed Monday that the firm had partially reversed many of the cuts and is evaluating further restoration.
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