Want to get this daily news briefing by email? Here’s the sign-up.


YOU’RE GONNA MAKE IT AFTER ALL - Maybe the rusted carnival ride that is 2020 won’t spin off its axis and into the lake after all—at least not for the legal industry. When polled earlier this year, a majority of law firm partners told Major, Lindsey & Africa they expected their 2020 compensation to take a hit. But, as Law.com’s Dylan Jackson reports, a more recent, albeit smaller, survey by the consultancy found a decidedly sunnier outlook among respondents. After the release of its initial report, Major Lindsey conducted a flash survey in November to account for the fact that law firms were “faring far better than anyone expected.” Two-thirds of the 134 respondents said they did not expect their compensation to be cut (more than 1,200 partners answered the first survey between July and September). About 43% of November respondents said their firm had fully reversed pay cuts, while 41% said their firm partially rolled back cuts.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]