Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The cutbacks at Florida’s Holland & Knight last week include not only the layoff of 230 employees, but pay cuts for other attorneys and staff members. Managing partner Robert Feagin III said Thursday that “some” positions have been reclassified, resulting in reduced pay for an undisclosed number of employees. The firm, which until May 1 had about 1,275 lawyers and 1,700 nonlawyer staffers, last week let go about 60 partners and associates and about 170 other staffers. The firm has also taken other cost-cutting measures in recent months as a result of an evaluation of its business operations by consultants from Deloitte & Touche and internal committees within the firm, he said. Among the changes he listed: The firm’s annual All-Lawyer meeting for this year was canceled; travel costs were reduced by consolidating vendors; overtime was reduced; major technology expenditures were delayed; and national courier contracts were consolidated. One former partner told the Daily Business Review that some staff salaries were cut by as much as 20 percent. Feagin, in a response to written questions, declined to discuss details.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

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


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.