Akerman Aims For Transparency In Pay Cuts

Law360, New York (July 21, 2009, 5:54 PM EDT) -- Akerman Senterfitt recently allowed associates to review the firm's financial situation before instituting across-the-board pay cuts on all associate class years by 10 percent — but the move reportedly has some critics asking whether the belt-tightening was necessary.

Akerman Senterfitt, which weighs in as one of the largest firms in Florida with more than 500 attorneys, said in an internal e-mail to its associates that the pay cuts were necessary due to the dire economy, legal blog Above the Law reported Tuesday.

The firm went on...
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