By Brenda Sapino Jeffreys | April 23, 2020
The Kansas City-based firm increased equity partner holdbacks last month, and is now taking additional measures.
By Hannah Roberts | April 21, 2020
The firm has also said that it will be freezing salary reviews and pay increases to offset the economic effects of the COVID-19 pandemic.
By Dan Packel | April 17, 2020
The reductions, for U.S. partners, attorneys, and staff, will hit the firm's mostly highly compensated partners hardest, with cuts "much higher" than 20%.
By Jack Newsham | April 15, 2020
Philip Inglima, the firm's chair, said equity partners will take a temporary 25% compensation cut, nonequity partners will take a 20% cut, and associates and counsel will take a 15% cut and staff making more than $100,000 will also have their pay reduced.
Private Client Global Elite | The Month
By Hannah Roberts | April 14, 2020
The firm said that the move will help it avoid using bank credit to get through the coronavirus crisis.
By Christine Simmons | April 7, 2020
The firm's strong performance in 2019 had leaders eying new markets, including a presence in Chicago. Now it is cutting pay across the board.
By Jack Newsham | April 1, 2020
The 180-attorney firm based in Long Island has laid off or furloughed more than 30 people and cut the pay of lawyers and staff who are still around, sources said.
By Rose Walker | March 31, 2020
The Magic Circle firm has also delayed some bonus payments and deferred some recruitment as it takes steps to deal with the pandemic disruption.
The Legal Intelligencer | News
By Dylan Jackson | March 30, 2020
President and CEO Mark Thompson said response from the firm has been overwhelmingly positive in a time when some other law firms have already cut staff.
By Meredith Hobbs | March 30, 2020
The trans-Atlantic firm, which has about 550 U.S. lawyers, is temporarily cutting pay and furloughing or laying off some employees.
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