Holland & Knight confirmed Monday that earlier this summer it partly walked back pay cuts for associates and staff it had made in response to the economic effects of the Covid-19 pandemic.
Easing of Covid-19 pay reductions has recently become a trend among Big Law firms that took on austerity measures in the spring to save cash amid the crisis.
Holland & Knight announced in May that it would be furloughing some workers, cutting partner draws, and reducing salaries for its associates and staff. Associates, counsel, and senior professionals saw their salaries downsized by 17.5%, while staff saw their salaries ...
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