Am Law 100 Firm Reduces Pay For All, Even Partners

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The hits keep coming for Biglaw firms thanks to the coronavirus pandemic, and this time, an Am Law 200 firm has found itself battered and bruised.

Sources tell us that Ballard Spahr, currently ranked at #91 in the Am Law 100, recently announced firmwide salary adjustments in light of the COVID-19 outbreak. We’ve been told the firm is cutting salaries by 10 to 15 percent for all employees, except for those who make less than $75,000 annually (i.e., staff members). Specifically, staff members will see a 10 percent pay cut, while associates will see a 15 percent pay cut. Partners are also bearing some of the brunt here, reducing their draws by 25 percent. In perhaps the worst news of all, we’re told that the firm will not be issuing its annual raises in July.

We reached out to Ballard Spahr several times for comment, but have not received a response. We will update this article if and when we hear back from the firm.

If your firm or organization is slashing salaries, closing its doors, or reducing the ranks of its lawyers or staff, whether through open layoffs, stealth layoffs, or voluntary buyouts, please don’t hesitate to let us know. Our vast network of tipsters is part of what makes Above the Law thrive. You can email us or text us (646-820-8477).

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Staci ZaretskyStaci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.

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