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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

International Edition

UK Firm Asks Some Partners to Work Fewer Hours on Reduced Salaries

The firm is the latest to introduce reduced hours and salaries in response to the pandemic.
3 minute read

The American Lawyer

Growth Slowed for New York's Elite Law Firms Even Before the Pandemic Hit

Some also took a hard look at their compensation models as revenue and profit growth cooled last year.
21 minute read

Law.com

Accelerate Uphill: Succeeding in the Tough Times

There are a significant number of firms that have been enjoying the downhill slope of the legal market for quite some time. However, over the last 2-3 years, many firms have been steadily pedaling and not looking up from their handlebars as often as they should. Now, with a looming slowdown in the economy, many lawyers are staring straight at an intimidating, uphill climb for the foreseeable future.
7 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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