Lawyer Compensation - General
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Top Irish Firms Reduce Working Hours, Pay and Cancel Bonuses
By Varsha Patel | May 12, 2020
The steps have been taken as COVID-19 places pressure on the Irish legal sector.
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Hill Dickinson Cuts Global Staff Pay by 20%, Withholds Partner Payouts
By Vincent Chow | May 11, 2020
The firm has also suspended all further profit distribution to partners.
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A Firm-By-Firm Guide on the Latest Pandemic Measures
By ALM Staff | May 11, 2020
The latest: Freshfields delays its leadership election to later this year, while Hill Dickinson cuts all staff pay.
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US Legal Industry Shed 64,000 Jobs in April as Layoffs and Furloughs Spread
By Patrick Smith | May 8, 2020
Cost-cutting measures at law firms and other major legal employers in the U.S. have continued to accelerate since they began in March.
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Firms Land Key UK Hires as Pandemic Prompts Rivals to Waive Notice Periods
By Krishnan Nair | May 7, 2020
Ince finally adds a new senior partner while Skadden secures its long-awaited M&A target, as firms introduce efficiencies amid COVID-19.
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Eversheds Cuts Compensation, Furloughs Staff in US as Firm Prepares for Less Work Ahead
By Meredith Hobbs | May 6, 2020
The firm's U.S. co-chair said demand was good in early 2020, but "as we look at the economic news and listen to our clients, we are planning for future reductions in work."
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Listed Firm CEO Slams Firms Using Government Furlough Scheme to 'Maximise Profit'
By Krishnan Nair | April 28, 2020
The firm, which announces rising revenues and profits, says the scheme was designed to allow firms to stay in operation.
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Dentons Australia Cuts Staff and Partner Pay
By Christopher Niesche | April 27, 2020
Staff salaries are reduced by 20% while partner pay is cut by half for all Australian offices.
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Shearman Offers Sabbaticals on 30% Pay While Reed Smith Takes More Measures
By Meganne Tillay | April 24, 2020
Reed Smith is going to defer its equity partner bonuses after already taking several measures in April.
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Travers Defers Partner Distributions, But Keeps Furloughed Staff on Full Pay
By Hannah Roberts | April 23, 2020
The firm is the latest to implement measures to combat the fallout from the COVID-19 pandemic.
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