Above the Law reports that K&L Gates held a meeting Friday to discuss, amongst other things, salary freezes.
Earlier today, associates at K&L Gates attended a town hall meeting with Peter Kalis, chairman and global managing partner. Kalis provided an overview of where the firm stands and announced steps that will be taken to deal with the recession…
Kalis said management would consider the possibility of layoffs at the end of this month.
Salaries are now frozen for all associates, with a review to take place in July.
Incoming first-year associates will have their start date deferred to January 4, 2010.
The firm will be raising billing rates.