
It looks like local sweatshop
Alverson Taylor Mortensen & Sanders has made the prospect of working there even more appealing. As if conditions weren't bad enough for associates, ATMS sent out two emails last week that made things even worse. The first email tried to soften the blow for a couple paragraphs, right before kicking associates in their collective nuts:
From: [Secretary]
Subject: Message From Bruce Alverson
As most of you already know, as a result of our country’s current economic times, virtually all of our clients have refused our requests for hourly rate increases. At least one client has filed bankruptcy and several more are rumored to be on that economic path. In short, our revenues are capped at least for the foreseeable future. Basic math tells us that if revenues are capped, we must make every effort to hold the line on expenses.
Salaries are the single largest expenditure in a law firm. Historically, we have given raises every six months. To our knowledge, we are the only firm in Las Vegas to review salaries and give raises that frequently. In an effort to control costs, we have considered various options that other law firms are using—ranging from layoffs to salary cuts to reduced work hours with a proportional salary reduction.
The partners have decided on a far less drastic measure. We are not giving salary increases at this time. We will re-examine this decision in six months.
Bruce
So, they have considered "reduced work hours with a proportional salary reduction?" How exactly would that work under an
hourly system?
We realize that pay freezes aren't on the same level as layoffs, but ATMS associates have it pretty rough already. Up until now, ATMS has given "guaranteed" raises of $6000 every 6 months to associates, a fact often cited by ATMS associates when they are asked about working at one of the
lowest-paying firms in town and used by ATMS recruiters when bringing in "fresh meat."
According to our tipsters, because ATMS raises their base salary each year for incoming associates, if things stay the way they are, first-year associates who start after the July bar (if they start at all) will be making more than the second year associates who just had their April raises eliminated. This is because ATMS raises are given twice a year, in October and April, and new associates don't get the benefit of the October raise because bar results come out in mid October, thus they aren't attorneys yet (another classy move). ATMS second-years must be feeling awesome about that.
But the fun didn't end there for ATMS associates. A second email was sent days after the first, only there was no "softening the blow" this time:
From: [Same Secretary]
Subject: MESSAGE FROM BRUCE ALVERSON
Effective 30 days from today, ATM&S is suspending the matching fund provision in our 401k plan. That is, the firm will not match future contributions. The 401k plan remains in effect–you can make personal contributions, but the firm will not contribute a matching amount. If you wish to stop contributing, contact [redacted] immediately and she will explain the process.
We will reconsider this issue in six months.
Bruce
Losing your raise and your 401K matching all in the same week ... ouch! We're pretty sure that ATMS is running out of "benefits" to cut. Perhaps they are just doing this so associates will leave on their own and ATMS can avoid using the "L" word.
By the way, what's with Bruce Alverson having his secretary send these emails? We guess he can't be bothered to address his associates directly ... must be too busy scanning the parking lot for pennies to pick up.
(Thanks tipsters)