This Am Law 100 Firm Has Reversed All Salary Cuts, And Is Making Good On Promise Of Back Pay

Good news at the firm!

onOctober 19, 2020 at 11:14 AMOctober 19, 2020 at 11:34 AM

The COVID-19 winds have really changed at the Biglaw firm of Pillsbury Winthrop. The firm, which placed 62nd in the most recent Am Law 100 rankings, was early in the trend of rolling back their austerity measures, and now those cuts are completely over.

Back in the spring, the firm made series of austerity cuts, designed to avoid layoffs, that included reducing partner monthly draws by a minimum of 25 percent, cutting associate and counsel compensation by 20 percent, and cutting all staff compensation by up to 15 percent for those who make more than $100,000 and by 10 percent for those making between $75,000 and $100,000 (with chief officers volunteering to take higher reductions, commensurate with those of partners). In August, Pillsbury began the process of rolling back the measures by reducing the salary cuts and pledging to pay everyone back the money they missed out on.

Now the firm has completely reversed course. As of October 2, all of the salary cuts are officially over. What’s more, those promised payments of rebates of withheld pay have also been made — a feat the firm credits to its strong year-to-date performance.

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From Ethan Beberness

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headshot 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).