Salaries were cut 10% for associates who didn’t reach their billable hours goal of 1,950 last year. Exempt from the cut were first-year associates, whose tenure is now just over two months at the firm.
Quick maths: Some second years are now getting paid more than first years.
K&L Gates were reportedly unfrozen last year, effective March 1, but in four offices incoming associates salaries were cut. Boston was spared in that round, however. Leaving first-year salaries in tact is a way to save face by way of maintaining statistics for recruitment, at the risk of compounding the misery of second years.
A call to K&L Gates was not immediately returned.
There are ways to deal with the increasingly unpadded life at BigLaw, but wouldn’t it be more gratifying to start hazing the first years?
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