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WHAT WE’RE WATCHING
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.
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