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CV19 Lawyer Compensation/Layoffs

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I think I am busier now working from home than I was at the office! 

Work keeps getting assigned and urgent matters are popping up to the point that I have pushed my "busy" work to the very bottom of the list. I have absolutely no idea when I will get to my non-urgent, loose deadline matters. 💩

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Small firm in a small SW Ontario city. 

I was very worried as I just started at this firm in January (after completely uprooting my life and moving). I'm not very busy with files of my own yet. I have a few, but most of the work I'm doing is on other lawyers' files, and those other lawyers are now seeing their work slow down significantly so could easily take on what I've been given. 

They're talking about reducing assistants' hours, although they've promised full pay for at least the next month.

They've told me they want me for the long haul and we're going to stick it out. I feel for them, and still think there's a chance that could change, but I'm very grateful right now. 

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Heard through the grapevine that a mid-size Bay St firm is reducing salaries for associates (-15%) and partners (-20%).

 

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I'd be curious to see if firms have done the calculus between doing this salary reduction, which could be considered constructive dismissal, and the number of lawyers who might just take  a severance package in lieu. But I guess they're counting on the fact that no one wants to be out there right now in this economic climate...

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36 minutes ago, Rearden said:

Heard through the grapevine that a mid-size Bay St firm is reducing salaries for associates (-15%) and partners (-20%).

 

Frankly shocked this hasn't happened yet at my firm.

Though one partner at my office pointed out that March is historically a slow month due to March break, and that our March numbers may actually be higher than usual because nobody is going on vacation.  

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On 3/27/2020 at 3:30 PM, Rearden said:

Heard through the grapevine that a mid-size Bay St firm is reducing salaries for associates (-15%) and partners (-20%).

 

Remember when we were salivating about associate raises?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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