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Would You Accept A Third of Your Salary For a Year Off?

Would You Accept a Third of Your Salary For a Year Off?

Corporate law firms aren't exactly known for doing things on small scales, and the law firm Skadden, Arps, Slate, Meagher & Flom is operating under the premise that you have to spend money to save money. Instead of trimming employee hours or creating shorter workweeks like other businesses, the firm has offered its associates (1,300 worldwide) the opportunity to take a year of paid leave.

As a cost-saving measure that allows the firm to maintain a full staff, the firm is offering its associates a third of their base pay to take a year off. Considering the amount these lawyers typically make, the firm is spending what seems like a ton of money in order to cut payroll costs — one associate profiled by the New York Times is getting about $80,000 for a year that she'll spend traveling around the world.

According to one of the firm's partners, nearly 125 associates have expressed interest in accepting the offer. What would you do in this scenario; would you accept a third of your salary for a year to do whatever you please?


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