Associate Salaries Slashed By 20 Percent To Protect Law Firm’s ‘Viability’

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Welcome to legal profession’s 2020 recession, courtesy of the coronavirus. We’ve already seen Biglaw firms announce 10 percent pay reductions, 25 percent pay reductions, and partners slow or eliminate their draws entirely. What could possibly come next?

According to multiple sources, Rivkin Radler, a midsize firm that ranked #211 on the latest NLJ 500, announced a series of cost-cutting measures on Monday afternoon. Specifically, the firm will be slashing compensation by 20 percent across the board, among other financial cuts. Here’s an excerpt from the firm’s memo on the adjustments (available on the next page):

In order to protect the long term health of the Firm for everyone, effective with the payroll period ending April 16, all attorney compensation will be reduced by 20%. Further, all payments pursuant to the fee participation program and the attorney recruitment program are suspended. These measures will last until such time as the Firm is back in its offices and operating at full capacity.

Rivkin Radler also plans to cut staff salaries by 20 percent. As our tipsters note, no mention was made of cuts to partner compensation.

We reached out to Rivkin Radler, and the firm’s managing partner, Evan Krinick, confirmed the steps taken to keep the firm in the black. According to the firm’s statement, the move will “ensure the long-term well-being of [the] firm”:

Like most businesses, we are working to address the complex challenges presented by this global pandemic. Foremost in all of our minds is the health and safety of our families, colleagues and friends. For business, the reality is that the temporary closure of the courts has decreased our workload in our litigation groups and the general economic downturn has impacted our commercial transactional practices. To ensure the long-term well-being of our firm, our partnership has elected to temporarily reduce compensation for all attorneys and staff by 20%. We fully expect to restore all to their regular compensation levels as soon as the present crisis abates.

Good luck to Rivkin Radler as the firm weathers the storm that is COVID-19.

Which firm will be the next to turn to salary reductions as a way to 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).

(Flip to the next page to read Rivkin Radler’s compensation memo in full.)


Staci ZaretskyStaci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.

Am Law 100 Firm Cuts Partner Pay Entirely, Reduces Associate Salaries By 25 Percent

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The coronavirus crisis continues to ravage the legal profession, be it through layoffs, benefits reductions, or salary cuts. We’ve already a Biglaw firm announce a 10 percent pay reduction for anyone making more than $100,000, but the latest salary cuts are quite the doozy in comparison.

According to multiple sources, Cadwalader, ranked #89 in the latest Am Law 100 and #52 in the latest Vault 100, announced a series of cost-cutting measures during a townhall meeting this morning. Specifically, for the next four months, the firm will be slashing associate compensation by 25 percent and staff compensation by 10 percent. On top of those cuts, partners and senior counsel will be making the most “significant financial sacrifice” of all. Here’s an excerpt from the firm’s memo on its shocking compensation adjustments:

These salary reductions take place almost immediately. IMMEDIATELY. Yikes.

With no end to the COVID-19 pandemic in sight, law firms are clearly trying to find ways to quickly lessen their costs. On the bright side, although its employees’ wallets may be a little lighter in April, at least Cadwalader hasn’t decided to conduct 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).


Staci ZaretskyStaci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.

WNBA Star To Hang Up Her Sneakers For The Joys Of Law School

Imani McGee-Stafford drives to the basket (Photo by Paul Kane/Getty Images)

The law school dream claims another one.

Earlier this week, Imani McGee-Stafford, center for the Dallas Wings, announced she was stepping away from basketball to focus on the next step in her career: law school. She says she’ll be pursuing her J.D. at Southwestern Law School.

McGee-Stafford is part of a family basketball tradition — her mother is former USC basketball player Pamela McGee and her brother is Lakers center JaVale McGee, but she says she is looking forward to law school. I guess she hasn’t watched The Paper Chase yet:

“While I am saddened to step away from such a big part of my life, I’m also excited for this next chapter.”

ESPN reports the highlights of McGee-Stafford’s ball career:

The 6-foot-7 McGee-Stafford, 25, played at Texas from 2012 to ’16, averaging 10.8 points, 8.2 rebounds and 2.1 blocks per game. She was selected No. 10 overall in the 2016 WNBA draft by the Chicago Sky, for whom she played that season and part of 2017 before being traded to Atlanta. She was with the Dream in 2018 as well, and then was traded to the Wings before last season. She averaged 3.9 points and 3.8 rebounds for Dallas in 2019.

And though they’re losing a player, Wings president and CEO Greg Bibb wished McGee-Stafford well, saying, “We thank her for her hard work and contribution to the Wings organization and support her decision to step away from the WNBA in order to achieve a longtime goal.”


headshotKathryn 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).

3 Tips For Home Productivity

To those who have had enough of hearing about the COVID-19 lockdown, please know that I am quickly falling into the same camp. At the same time, we have to accept reality. For many IP lawyers — we who are decidedly “nonessential,” unlike those heroes tending to the sick and working to keep the healthy supplied and fed — the need to work from home constitutes a major change. True, many of us have gotten better at using technology to work remotely, even on that (now long-forgotten) occasional event called a vacation, in recognition of the always on-call nature of modern legal practice. But even with the relaxing of face-time standards at many law firms, the default for productive IP lawyers remains centered on performance in the office environment. Since our responsibilities to clients, colleagues, and our families are unceasing, there is a communal challenge facing the IP legal community we now must confront. How to stay as productive as possible when working from home, in an environment where both the general economy and legal system — indeed our very lives — have been severely disrupted.

As I mentioned in last week’s column, I may have more practical experience than most in terms of working remotely — for a number of reasons. Part of the impetus for the need to stay productive at home from the earliest stages of my career arose because of my personal observance of the Sabbath and the Jewish holidays, which obviously had an impact on when the office was accessible to me. Another large piece was the fact that my children were born concurrent with my Biglaw career. My desire to be with them of course led to my putting a premium on productivity in the times I wasn’t with them. Hence the late night brief-drafting, on top of the other accommodations inherent in the life of a partner-track Biglaw IP associate. With all that, however, during my time in Biglaw I was definitely in the majority of IP lawyers who had an “office-first” mentality in terms of thinking about the physical divide between work and family life.

This microscopic virus has completely collapsed the divide for many of us worldwide. Since I have been getting much more practice at working from home over the past few years, I want to share three idiosyncratic tips about achieving optimal productivity that I hope can be of help to readers.

First, let’s start with what not to do. Simply put, that means not adopting an extreme position on anything productivity-wise — without adopting an experimental mindset first. Just as deciding that you can necessarily work any less mindfully because you are now free from the distractions of the office is not conducive to remaining productive, so too is it important to avoid the temptation to turn as much of your newfound “free time” (e.g. former commuting time) into work time as possible. In short, now is not the time to show your employer or our colleagues what a superhero you are. It is a time for modesty, not aggrandizement.

At the least, for many the distractions of the office will now be replaced by the distractions of the home — sometimes severe ones that make our current experience very far away from a previously routine work-from-home Friday. Even for someone who lives alone, since the people they will be interacting as might not be. Cue up memes of underwear-clad toddlers (or even adults) wandering in the background of Zoom meetings if you don’t believe. So don’t pretend things are normal — you will be more productive by adopting that experimental mindset about this bizarre experience. At the same time, establishing some sort of routine is very important. I know that some tout the importance of getting dressed for the workday, but I am not sure how much of a difference that makes. In my view, it is better to find a reason to leave the house every day, if only to remind you of the broader world out there and the lessons you can draw from watching other humans from a safe six-foot (or 26-foot) distance. At a minimum, I would hope that leaving the house would be preceded by dressing in some kind of presentable attire.

Second, in addition to getting some air, it is also important to carve out at least a half-hour a day doing something work-related that you enjoy. Whether that means reading a decision in a case of interest, or watching an appellate argument, or just looking for an interesting article online related to an IP issue doesn’t matter. What matters is giving your mind the space to roam a bit, without the pressure associated with a work deliverable. We become better lawyers and people the more we indulge our curiosity, so take advantage of the work-from-home time to build such productive curiosity-seeking into your schedule.

Third, make sure you know going into each day what needs to get done on behalf of your clients. Ideally, the list of must-dos will be manageable, even as every day brings a set of one or two things that should really get done that day, without procrastination. While this may be harder to do if you are at the stage of your career where work gets dumped on you, there really should be fewer emergencies now that everything’s on lockdown. Either way, learning how to triage assignments into must-do, should-do, or can-do is always useful. More than ever now.

Ultimately, the most important thing for us to remember is that we can continue to serve our clients and practice our noble profession no matter where we are. Done right, we can be as productive as we want — no, need — to be in these trying times. We owe it to our clients, families, and colleagues to make the most of this situation.  More critically, we owe it to ourselves.

Please feel free to send comments or questions to me at gkroub@kskiplaw.com or via Twitter: @gkroub. Any topic suggestions or thoughts are most welcome.


Gaston Kroub lives in Brooklyn and is a founding partner of Kroub, Silbersher & Kolmykov PLLC, an intellectual property litigation boutique, and Markman Advisors LLC, a leading consultancy on patent issues for the investment community. Gaston’s practice focuses on intellectual property litigation and related counseling, with a strong focus on patent matters. You can reach him at gkroub@kskiplaw.com or follow him on Twitter: @gkroub.

Biglaw Firm Cuts Retirement Matching In Effort To Avoid Layoffs

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It’s only Tuesday and it’s already been a really long week for the legal profession. Thus far, we’ve seen associate layoffs and salary cuts, partners slowing their cash distributions, and firms pausing lateral hiring, all because of the coronavirus crisis. Some Biglaw firms are now scrambling to do all they can to avoid cutting personnel during a health crisis.

Marshall Dennehey, an Am Law 200 firm, has announced that effective May 1, it is suspending a 4 percent employer 401(k) match until next year. The firm’s matching program has an 80 percent participation rate among its 1,200 employees, but president and CEO Mark Thompson wouldn’t disclose how much money this financial maneuver would save — just that it wouldn’t be enough.

The Legal Intelligencer has more on what’s going on at Marshall Dennehey:

“We’re trying to offset these losses and live up to our family values and keep everybody together. This was a measure we could take as an alternative to layoffs and pay cuts,” [Thompson] said. …

Thompson and firm leadership have deep reservations about cutting head count or salaries. While suspending 401(k) matching will not fully cover the revenue the firm anticipates it will lose, Thompson said he does not anticipate firm layoffs. He said he prides the firm on having a family environment, and he loathes the idea of a laid-off employee losing their health insurance in midst of a public health crisis.

The response from employees, Thompson said, has been overwhelmingly positive in light of the cuts that have already been announced across the industry.

“We have received expressions of gratitude,” Thompson said. “People are scared and we’re trying to give them one less thing to worry about.” He expects the matching program will return to the firm in 2021.

Let’s hope Marshall Dennehey’s plan comes to fruition and the firm can save jobs.

In an Effort to Avoid Layoffs, Marshall Dennehey Halts Retirement Matching [Legal Intelligencer]


Staci ZaretskyStaci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.

Even Bill Barr Thinks Something Looks Fishy In Richard Burr’s Trading

Morning Docket: 03.31.20

* A federal judge has dismissed a copyright infringement lawsuit filed by a tattoo artist who claims his work was copied when the video game NBA 2K depicted Lebron James with his tattoo. That’s a fact pattern worthy of a law school exam. [New York Post]

* A Nebraska attorney has been disbarred for punching his 83-year old father in the face. [Bloomberg Law]

* A federal judge in Texas has blocked the state’s ban on non-essential abortions amid the COVID-19 pandemic. [CBS News]

* A federal judge has agreed to advance a lawsuit against Panera alleging that it misled customers when it allegedly only used trace amounts of blueberries in its blueberry muffins. Please tell me they don’t only use trace amounts of chocolate in their chocolate chip muffins… [Reuters]

* An attorney who interrupted a deposition around 145 times and made 106 objections has been sanctioned $1,000. [ABA Journal]

* In-house counsel at a variety of companies, including The Cheesecake Factory, are facing pay cuts because of the COVID-19 pandemic. Not even joking, I would gladly accept their cheesecake as part of a compensation package. [Bloomberg Law]


Jordan Rothman is a partner of The Rothman Law Firm, a full-service New York and New Jersey law firm. He is also the founder of Student Debt Diaries, a website discussing how he paid off his student loans. You can reach Jordan through email at jordan@rothmanlawyer.com.

The Darwinian Economics Of Biglaw Lawoffs — See Also

A New Normal Takes Time, Practice, And Design

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“Does it even make sense to change from my snowflake pajamas if I’m working from home all day?”  asked one of my team members.

“I just left groceries at my mother’s door and left. I was worried that interacting with her would endanger her health. Is that normal?” asked another.

Although they would have sounded crazy just a few weeks ago, these are good, logical, and even important questions. 

It Is Okay Not To Feel Normal

As we’re all still settling into a new normal, if there is such a thing, I noticed that many of my calls start with the references to the “end of the world” or “apocalypse,” as a joke to defuse tension and discomfort. Of course, every joke has a kernel of truth in it.

I’ve also noticed a lot of anxiety. Some feel very cooped up at home. Others worry whether they do enough to prevent getting infected. And others are worried about their children, significant others, and parents. Anxiety is in the air.

Indeed, times are strange. It is normal to not feel normal and to ask questions that you have never asked before. It is okay to check in with yourself and others. It is okay to go easy on yourself and go easy during this time of uncertainty and transition.

Working From Home (Or From Anywhere!) Is A Learned Skill And Habits

Just because we have homes, and many even have home offices, does not mean that we know how to work from home. Many of us are still struggling with the working-from-anywhere routine. How do I dress for a workday from home? It is now a persistent question and discussion.

Others are not yet comfortable and proficient with the technology. For example, video technology is new and uncomfortable for many professionals. Feeling camera shy is common. Worrying about one’s unprofessional home arrangement is another persistent theme. Are kids allowed in the background of your video meeting? Pets?

These are logical responses to what we are seeing at a societal level. It is normal to have questions when routine is disrupted. The good news is that many of these habits and skills, including how to come across professional on camera, are learned. More good news: learning video technology pales in comparison to passing a bar exam or mastering the rule against perpetuities.

 Supportive Hiring Practices, Infrastructure, Culture, Training, And Policies

Finally, we as lawyers can learn from others how to identify, influence, and implement best practices in our organizations. For example, I recently interviewed Marc Kaufman of Rimon Law about building a distributed law practice. It turns out that working from anywhere must be by design. According to Kaufman, the hiring practices, infrastructure, culture, training, and policies make a huge difference in whether an organization can work from anywhere effectively and whether it can seamlessly transition from a physical to a virtual working environment. In other words, working from anywhere will only become normal if the organization embraces working from anywhere by design.

The global coronavirus –- and government responses to it -– have thrown all of our lives into chaos. We are now making changes in our lives that were unimaginable just a few weeks ago. In making those changes, it’s essential that we remain proactive and not reactive. If we want to succeed in our workplaces, we must make choices by design, thinking strategically about what we want. If we do, we might even learn a thing or two for after the crisis.


Olga V. Mack is the CEO of Parley Pro, a next-generation contract management company that has pioneered online negotiation technology. Olga embraces legal innovation and had dedicated her career to improving and shaping the future of law. She is convinced that the legal profession will emerge even stronger, more resilient, and more inclusive than before by embracing technology.  Olga is also an award-winning general counsel, operations professional, startup advisor, public speaker, adjunct professor, and entrepreneur. She founded the Women Serve on Boards movement that advocates for women to participate on corporate boards of Fortune 500 companies. She authored Get on Board: Earning Your Ticket to a Corporate Board Seat and Fundamentals of Smart Contract Security. You can follow Olga on Twitter @olgavmack.