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Meanwhile their associates in Hong Kong gets Cravath rate + Cost of Living Allowance (additional $50-80k per annum) while work has dried up and no billables...
It’s not really a secret. They’ve been super stingy starting FYQ1, cutting back inter-office travel and mentorship expenses, not giving bonuses, holding people back in ARC review… An article on Law.com yesterday basically roasted us to filth on associate retention.
https://www.law.com/americanlawyer/2023/02/09/how-goodwin-procter-turned-1000-lateral-associates-into-250/
What are the inter office travel cuts?