The Firm Spy recently uncovered anomalies in PR-spin emanating out of national law firm Gadens. In response to that post, we received the following information from an anonymous Gadens source:

It would be outrageous for Gadens to freeze our pay, given that so much of our income is tied up in performance bonuses. I cant speak for others, but my wage is significantly lower than what friends at comparable firms are paid, and only once I achieve my performance target over several months is parity restored. It goes without saying that when the GFC arrived, reaching my target became virtually unachievable… This is almost a kind of pay freeze in itself.

It is unclear whether this source is a junior or senior solicitor, but it is quite apparent that, if true, this method of market-tied remuneration is less immune from the GFC than most.  A kind of micro-partnership slice, if you will.  Should solicitors bear this risk allocation?  We invite further comments from other Gadens staffers.

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