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Holland & Knight Cuts Compensation

Headline Legal News 2009/07/29 18:05

The JD Journal reports that Florida’s Holland & Knight is cutting salaries for associates and senior counsel. The firm says the cuts average 7% across all those effected; 10% for associates.

This salary reductions are effective immediately.

Holland & Knight is reviewing its associate compensation scheme, and intends to implement changes next year.

Holland & Knight cut 70 lawyers and 173 support staff positions in February.

Holland & Knight is a law firm with more than 1,150 lawyers in 23 US offices. Foreign offices include Beijing, China, and Mexico City, Mexico, with representative offices in Caracas, Venezuela, and TelAviv, Israel.

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