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International Edition

Pinsents Cuts Hours, Salaries In Additional COVID-19 Move

The firm had previously announced that it would defer partner distributions and furlough some staff.
3 minute read

The American Lawyer

Katten Pairs Pay Cuts, Furloughs With Assistance Fund for Idled Employees

While implementing familiar cost-cutting measures, Katten Muchin Rosenman is also joining a smaller group of firms working to augment governmental assistance for affected workers.
4 minute read

International Edition

Stephenson Harwood Bucks Trend By Maintaining Bonuses, But Furloughs Some Staff

Though the firm has taken other measures, it is a rare move at a time when most firms have halted bonuses amid the COVID-19 pandemic.
2 minute read

International Edition

Entries Open For Revamped British Legal Awards

New awards for this year's November event at Hilton Park Lane include Crisis Management Team of the Year.
2 minute read

Daily Business Review

Akerman Implements Layoffs and Pay Cuts, Anticipating Difficult Second Half

The Am Law 100 firm had a good first half, its new CEO said, but the impact of the coronavirus on the coming months remains unclear.
2 minute read

International Edition

A Pandemic and a Major Partner Exit — Is Freshfields' Stateside Mission Under Threat?

The firm made waves last year with the hire of M&A guru Ethan Klingsberg. But will COVID-19 and a recent heavyweight departure reverse recent gains?
11 minute read

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

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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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