Report Urges Firms To Cut Hours, Pay Instead Of Jobs

Law360, New York (October 22, 2009, 5:26 PM EDT) -- In a climate of layoffs, corporate firms should consider reducing attorneys' hours and salaries rather than cutting them entirely, according to a new report.

Balanomics, a group of attorneys from corporate legal offices and law firms, published the report in the November issue of the Association of Corporate Counsel Docket. The group said it hoped the recession would encourage legal departments to reduce attorneys' salaries and hours to avoid layoffs and encourage a better work-life balance in the process.

In the long term, reducing hours and...
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