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The American Lawyer

The Am Law 100 Found Success in 2019. Will It Be Enough in 2020?

After a 5% increase in gross revenue and 3% growth in revenue per lawyer, the Am Law 100 were in a good place at the start of 2020. Then a global pandemic started. Now what?
12 minute read

The American Lawyer

As Firms Scramble for Cash, Banks' Phones Are Ringing Off the Hook

The many conversations happening now between law firms and their lenders may be easier this time around than in the Great Recession, but partners may be increasingly on the hook.
9 minute read

National Law Journal

Arnold & Porter Resists Pay Cuts as COVID-19 Crisis Follows Revenue Dip

Grappling with the pandemic in the wake of flat or declining 2019 finances, the firm has held off from announcing furloughs, layoffs or compensation cuts.
6 minute read

International Edition

German Firm Noerr Posts Record Revenue in 2019, Hopes to Avoid Major COVID-19 Disruption

The firm is seeking to keep all of its employees through the coronavirus crisis.
3 minute read

The American Lawyer

Labor-Focused Seyfarth Cuts Salaries, Partner Draws, Furloughs Staff

Seyfarth chair and managing partner Peter Miller said despite solid finances, "caution" dictated the need for cuts.
3 minute read

New York Law Journal

What Not To Talk About in Lateral Partner Discussions

Rather than probing about candidates' past earnings and future expectations, lateral recruiting teams would benefit by focusing on how candidates can address concrete business needs and growth.
7 minute read

International Edition

Clydes Becomes Latest Firm To Furlough UK Staff And Defer Distributions

The firm has also established a hardship fund which staff who face unique financial concerns and constraints can apply for support from.
2 minute read

International Edition

Law Firm Furloughing: What Do GCs Think?

One UK GC described the step as 'morally repugnant', others say they would not hold it against their firms.
4 minute read

The American Lawyer

Am Law 100 Webinar to Detail New Rankings, Financial Health Headed into Crisis

This year's Am Law 100 webinar will dive in to the financial health of the nation's largest law firms as they aim to leverage any momentum gained in 2019 to manage through the impacts of the coronavirus.
1 minute read

The American Lawyer

Reed Smith Trims Associate Pay by 15%, Expanding Coronavirus Response

Partner distributions at the firm have already been deferred, and base pay for counsel has also been cut by 10%
2 minute read

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