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International Edition

UK Firm Latest to Defer Partner Distributions, Avoids Furloughing Employees

The firm has said that all reductions will be paid back in due course.
3 minute read

The American Lawyer

Why More Firms Should Cut Salaries Sooner Rather Than Later

As we approach the end of April, firms are running out of time to materially reduce 2020 costs, Hugh A. Simons writes. Salary cuts have appeal not just because compensation comprises about two-thirds of total cost, but also because they deliver immediate savings.
6 minute read

Texas Lawyer

Baker Botts Cuts Pay Due to COVID-19 But Avoids Layoffs or Furloughs

The firm announced austerity measures on Monday that affect lawyers and staff making more than $70,000, and delay new associates' start date.
3 minute read

International Edition

Dentons Australia Cuts Staff and Partner Pay

Staff salaries are reduced by 20% while partner pay is cut by half for all Australian offices.
2 minute read

National Law Journal

DC Firms Had a Great 2019. Will the Pandemic Take Their Gains?

Some Am Law 100 firms in the capital sailed into the year in better shape than others, but they're all facing headwinds now.
5 minute read

Law.com

Banner Year to Total Bummer: What's Ahead for the Am Law 100

Are law firms financially prepared to weather the fallout from COVID-19? Hear from the experts on this week's Legal Speak podcast.
1 minute read

International Edition

Mishcon, Pinsents Float Reduced Week for Lawyers as CMS, HSF Take Action In Spain

CMS has cut staff in its Madrid office, while HSF has rolled out a reduced working week in the city.
3 minute read

International Edition

Shearman Offers Sabbaticals on 30% Pay While Reed Smith Takes More Measures

Reed Smith is going to defer its equity partner bonuses after already taking several measures in April.
2 minute read

International Edition

DWF Extends Credit Facility, Takes on More Debt as it Braces For Virus Impact

The new agreement is in place to help see the firm through the lockdown brought about by the COVID-19 pandemic.
3 minute read

International Edition

COVID-19 Latest: CMS Joins Others In Deferring Distributions

The firm is the last of the U.K. top 10 largest firms to announce measures.
2 minute read

More from ALM

More from ALM

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

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