NEXT
Sign in to follow

The American Lawyer

Cost Cuts Spread Across Big Law's Billion-Dollar Club

More Am Law 25 firms, including at least one more on Monday, are using compensation levers to shore up their finances in an economy upended by COVID-19.
5 minute read

The American Lawyer

Guarding Cash, Quinn Emanuel Hits Pause on Partner Distributions and Rejiggers Draws

The moves, according to founder John Quinn, are focused on building the firm's "cash reserves" as the COVID-19 crisis persists and its economic impacts mount. Quinn said the firm's finances are sound, with no layoffs or furloughs in the works.
3 minute read

International Edition

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.
2 minute read

International Edition

A Firm-By-Firm Guide on the Latest Pandemic Measures

The latest: Freshfields delays its leadership election to later this year, while Hill Dickinson cuts all staff pay.
18 minute read

Daily Business Review

Holland & Knight Furloughs Staff, Cuts Compensation for Most

The cuts are set to expire in 60 days, after which the firm will reevaluate the policies.
3 minute read

International Edition

Pruning Partnerships: Considerations for Law Firms

Amid the COVID-19 pandemic, one next step may be to remove partners who are "not paying their way."
5 minute read

The American Lawyer

Baker & Hostetler Joins Ever-Growing List of Firms Cutting Pay

Partners will see reductions of between 15% and 20%, while associates and staff will see 10% cuts. The firm's summer associate program is being condensed to four virtual weeks.
2 minute read

International Edition

Spanish Firms Considering Office Returns As Lockdown Set to Continue

Spanish heavyweight Cuatrecasas is set to maintain remote working for its global offices until at least May 31, while others consider the options.
2 minute read

International Edition

DAC Beachcroft Makes Cuts to Leeds And London Teams

The firm has made redundancies in its real estate and commercial investment and development practices.
2 minute read

The American Lawyer

In Rare Lateral Exit, Wachtell Partner Ed Lee Jumps to Kirkland

Kirkland's hiring of rising M&A star Edward Lee escalates a talent war with New York lockstep firms like Wachtell.
3 minute read

TRENDING STORIES

Law Pro Logo

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

More from ALM

More from ALM

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

Resources

  • 2024 Trends Report Mid-Year Special Edition: Update on Outside Counsel Billing Rates

    Brought to you by LexisNexis® CounselLink®

    Download Now

  • AI in Private Equity: A Guide for Gaining an Early Advantage

    Brought to you by Ontra

    Download Now

  • Why Are So Many Law Firms Suddenly Embracing Digital Transformation?

    Brought to you by AllRize

    Download Now

  • 2025 State Legislative Sessions

    Brought to you by LexisNexis®

    Download Now