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WHAT WE’RE WATCHING
PAID IN FULL? – About a dozen Am Law 200 firms, performing above expectations in the midst of the pandemic, have now restored—at least partially—their compensation for partners, lawyers and staff. Just yesterday, in fact, Pillsbury Winthrop Shaw Pittman; K&L Gates; and Crowell & Moring all announced positive pay changes. But, as Christine Simmons and Dan Packel report, full pay restorations may still not be in the cards for the remainder of 2020. Why not? “There’s still uncertainty around what the rest of the year and going forward will look like, uncertainty around the pandemic, global economy and politics, and all of those can have an impact on law firms’ business,” said Marcie Borgal Shunk, president and founder of legal consulting firm The Tilt Institute. “Many law firms have seen some slowdown in demand and billable hours and the pace of collections.”
