"This decision took into consideration that the firm's client work in May and June had held up better than expected as did anticipated levels of new work for coming months," the firm said.
KPMG said it has also increased partner's capital investment and cut discretionary spending. It has not made any redundancies as a result of the pandemic.
Law firm DLA Piper made a similar move in April but reversed it last month.
The New Zealand branch of the global giant had staff agree to pay cuts of up to 20 per cent and put non-legal staff on shorter weeks.
However, by June the firm realised May billings and collections were better than expected so reimbursed salary reductions.
An ANZ consumer survey shows that, from late April, New Zealanders were more likely to say they had taken a pay cut because of coronavirus than their global counterparts, but less likely to say they had been laid off temporarily or permanently. About 15 per cent of consumers surveyed said they had taken a pay cut.
BusinessDesk