Home Criminal Defense Salary Cut Rollbacks And Bonuses… With Special Bonuses On The Horizon

Salary Cut Rollbacks And Bonuses… With Special Bonuses On The Horizon

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The pandemic prompted loads of corporations to make cuts this 12 months and Holland & Knight was very much among them. But these austerity cuts have come to an finish, with the agency saying on a call proper earlier than the vacation that they might roll again the final of these cuts and provides associates make-whole funds for 2020 compensation in January!

That’s thrilling, however the agency sweetened the take care of the revelation that — along with annual bonuses — associates will obtain particular bonuses, although the quantity of the particular bonuses has not but been disclosed.

The agency fiscal 12 months begins in March in order that’s when bonuses and ongoing wage will increase for rising associates will go into impact (retroactive to January 1).

Associates appear proud of the information:

All in all, I don’t assume many people highly anticipated particular bonuses and presumably even harbored doubts about doubtlessly impacted year-end bonuses. I feel most of us are thrilled that we’re being made entire for 2020, will obtain a particular bonus, and are on schedule to obtain our common annual raises and year-end bonuses.

Congrats.

Earlier: Biglaw Firm With Over A Billion In Revenue Cuts Associate Salaries (And More!)


HeadshotJoe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any ideas, questions, or feedback. Follow him on Twitter if you happen to’re excited about regulation, politics, and a wholesome dose of school sports activities information. Joe additionally serves as a Managing Director at RPN Executive Search.

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