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 Tel Aviv, Israel.