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New York Law Firm Offers Associates One-Third Pay to Take Year Off

In an article on its front page, the New York Times reports, “Looking to cut costs like everyone else, but not prepared to lay off employees,” law firm Skadden, Arps, Slate, Meagher & Flom “has chosen instead to offer all of its associates – about 1,300 worldwide – the option of accepting a third of their base pay to not show up for work for a year.” While “other firms have adopted similar strategies… Skadden’s program is unusual in that it has no pro bono requirements.” Although “not everyone could cover monthly living expenses on a third of one’s pay, and naturally some skeptical lawyers grilled the partners about job security,” Matthew Mallow, a partner at the firm, said, “I think it’s fair to say that the numbers are in excess of our expectations.”

From the American Association for Justice news release.

Bob Kraft

I am a Dallas, Texas lawyer who has had the privilege of helping thousands of clients since 1971 in the areas of Personal Injury law and Social Security Disability.

About This Blog

The title of this blog reflects my attitude toward those government agencies and insurance companies that routinely mistreat injured or disabled people. As a Dallas, Texas lawyer, I've spent more than 45 years trying to help those poor folk, and I have been frustrated daily by the actions of the people on the other side of their claims. (Sorry if I offended you...)

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