HSF Latest to Reduce Partner Profits, Suspend Salary Reviews
The firm has also changed how its bonuses will be distributed this year, as it joins others in dealing with the effects of the COVID-19 pandemic.
April 07, 2020 at 06:25 AM
2 minute read
Herbert Smith Freehills has joined a growing number of firms taking steps to financially protect itself in response to the COVID-19 crisis.
From May, the international firm will reduce its partner profit distributions and also slow the pace of when they are paid out to partners.
It has also frozen salaries at the firm and pushed back pay reviews until October.
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