TBA Law Blog


Posted by: Stacey Shrader Joslin on May 13, 2020

Pillsbury Winthrop Shaw Pittman, with offices in Nashville and 19 other cities, has implemented a “shared sacrifice” approach to dealing with the economic fallout from the COVID-19 crisis. Beginning in April, partner draws were reduced by a minimum of 25%, with the percentage increasing on a progressive scale, so partners higher in the draw saw a larger cut. Compensation of associates and counsel was reduced by 20%. Staff making at least $75,000 saw a pay cut of 10% while those making more than $100,000 saw a cut of 15%. Chief officers are taking a pay cut more in line with that of partners. The firm is considering similar actions for offices outside the U.S., a spokesman confirmed to Law.com.