Allen Matkins is having a rough year. Back at the end of March the firm let some attorneys go. First year associate salaries were cut, along with the salaries of some additional associates. Now it appears they are finishing the job with additional layoffs and more salary cuts.
Tipsters at Above the Law reported the new cuts, saying that associates who are low on hours will only be receiving 60% of their original salary with the other 40% to be paid at the end of the year if the hours are made up. How they’re going to make up the hours in this market is anyone’s guess.
If you have any further information about what’s happening at Allen Matkins, please fill us in here.
Update: According to our own tipsters, all associate and paralegal salaries have been slashed to 60%.