In times of upheaval, the Above the Law tipster network really shows its strength. Biglaw firms may not want to publicize the cost-cutting measures the coronavirus has forced them into, but it is vital industry information. Transparency is key, always, but particularly in hard times. And when the layoffs and furloughs and salary cuts started happening, our tips line started blowing up. For that, we thank you.
So, here’s the latest scoop from tipsters: the Am Law 200 firm Curtis (f/k/a Curtis, Mallet-Prevost, Colt & Mosle) has slashed associate salaries by 25 percent. Those are some of the largest cuts we’ve seen to date.
We reached out to the firm and a spokesperson was able to confirm that, like a growing amount of their peer firms, they’ve instituted these cost-cutting measures.
Yes, Curtis is taking some steps similar to those reported by other firms in response to COVID-19.
Hopefully, this means the firm can avoid layoffs.
If your firm or organization is slashing salaries, closing its doors, or reducing the ranks of its lawyers or staff, whether through open layoffs, stealth layoffs, or voluntary buyouts, please don’t hesitate to let us know. Our vast network of tipsters is part of what makes Above the Law thrive. You can email us or text us (646-820-8477).
If you’d like to sign up for ATL’s Layoff Alerts, please scroll down and enter your email address in the box below this post. If you previously signed up for the layoff alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each layoff, salary cut, or furlough announcement that we publish.
Kathryn Rubino is a Senior Editor at Above the Law, and host of The Jabot podcast. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).
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