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International Edition

PwC Legal Arm Hit as Auditor Freezes Promotions, Pay Raises and Bonuses 

The firm is the second of the Big Four to announce measures to stem the economic impact of the coronavirus and the latest in a series of similar announcements among professional services firms.
3 minute read

International Edition

Australian Law Firms Cut Partner Pay Amid COVID-19 Crisis

They also have enacted other measures, including putting non-business-critical projects on hold, placing a freeze on new hires and deferring promotions.
3 minute read

International Edition

Australia's Clayton Utz Freezes Hiring, Will Cut Hours if Conditions Worsen

The firm stated that cash flow is a concern because clients will be looking at their own finances and may delay bill payments.
2 minute read

International Edition

Hogan Lovells Pay Gap Jumps To Favour Men As More Firms Reveal Ethnicity and LGBT Data

Slaughters gender pay gap has also increased while Hogan Lovells has reported its sexuality pay gap for the first time.
3 minute read

International Edition

Dentons Board Mulls Pay Cut For Europe Lawyers

The firm's leadership is expected to make a decision on cutting pay in April.
3 minute read

International Edition

Cadwalader Halts Partner Pay, Cuts Associate and Staff Compensation

Partners "have been told not to expect any distributions during the peak months of the crisis," according to an internal memo, as the firm looks to avoid layoffs.
4 minute read

International Edition

Allen & Overy Holds Cash Call, Cuts Partner Pay Outs and Freezes Associate Pay

The Magic Circle firm has also delayed some bonus payments and deferred some recruitment as it takes steps to deal with the pandemic disruption.
3 minute read

International Edition

Reed Smith Will 'Slow' Partner Pay In Response To COVID-19 Pressures

The firm said it is holding back pay for both equity and nonequity partners as part of "a cautious approach" to protect its finances.
2 minute read

International Edition

Macfarlanes Fails to Make Dent in Gender Pay Gap, Reveals Ethnicity Figures

Last year, the firm measured the largest combined pay gap of its U.K. Top 50 peers.
3 minute read

International Edition

The Case for Deferring Payments to Equity Partners Now

In explaining why law firm stress tests may not give the clarity firms need in projecting future health, Hugh Simons argues saving cash now gives you options later. And it will instill partner confidence.
7 minute read

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Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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