Biglaw Firm Restores All Partner Pay After 5 Months of COVID Cuts
“Another day, another Biglaw firm that’s reversing its COVID-19 austerity measures,” reports Staci Zaretsky in Above the Law’s Biglaw.
“This time, the good news is coming from Taft Law (formerly known as Taft Stettinius & Hollister). If you recall, back in April, the firm decided to reduce partner draws by 25 percent, leaving compensation for staff, associates, and of counsel attorneys intact. At the same time, the firm laid off 1.4 percent of its attorneys and 3.5 percent of its staff. We’ve been told that the firm’s partners received a treat for Halloween instead of a trick, because all of their pay was restored in full in October.”