Eversheds Sets Up Scheme to Facilitate Hours and Pay Reductions
The six-month programme will see staff in impacted sectors placed on reduced hours and pay to mirror client demand.
May 11, 2020 at 08:21 AM
2 minute read
Lee Ranson, Eversheds
Eversheds Sutherland has introduced a six-month scheme which will allow the firm to cut hours and pay of employees in sectors which have seen a downturn in activity as a result of the coronavirus pandemic.
The programme, named 'Flexing the Working Week Scheme', takes effect from the beginning of June. According to the firm, the introduction follows a business-wide consultation and will see the hours and pay of impacted staff reduced to 80%.
The firm added that it anticipates different teams of lawyers will be moved on and off the scheme at different times to mirror client demand. The measures will also not apply to trainees, apprentices and those whose base salary is under a certain threshold.
In addition, the firm confirmed that partners remuneration has been reduced by an average of 25%.
In a statement, Eversheds CEO Lee Ranson commented: "We have consulted widely across the firm on its terms to make sure we have a scheme which is right for us as a business and for our people."
This is the latest set of financial measures enacted by the firm. Previously, Eversheds placed 39 of its staff on furlough, delayed bonus reviews and launched a hardship fund to provide additional financial support to individuals who are particularly impacted by COVID-19.
The firm also previously enhanced its Time Off for Dependents Policy to help those who are balancing work and family or caring responsibilities, offering five days of full pay and has also introduced an enhanced holiday scheme which gives an additional day of holiday for every four taken to care for others.
Read more
Eversheds Sutherland Furloughs 39 Staff, Delays Bonus Reviews and Creates Hardship Fund
A Firm-By-Firm Guide on the Latest Pandemic Measures
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Apple Subsidiaries in Belgium and France Sued by DRC Over Conflict Minerals
2 minute read
DLA Piper, Heuking & Other Key Moves as German Legal Market Reshuffles Ahead of 2025
2 minute readLaw Firms Mentioned
Trending Stories
- 1Holland & Knight Launches Export Control Disputes and Advocacy Team
- 2Blake Lively's claims that movie co-star launched smear campaign gets support in publicist's suit
- 3Middle District of Pennsylvania's U.S. Attorney Announces Resignation
- 4Vinson & Elkins: Traditional Energy Practice Meets Energy Transition
- 5After 2024's Regulatory Tsunami, Financial Services Firms Hope Storm Clouds Break
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
