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International Edition

Law Society Asks Bank of England if Firms Can Access Government Loan Scheme

'All law firms will definitely be looking at ways to borrow money right now,' says one partner.
3 minute read

International Edition

Freshfields Narrows UK Partner Gender Pay Gap

The firm attributes the narrowing partner pay gap to "fewer men at the top of the lockstep".
2 minute read

New York Law Journal

Paul Weiss Revenue and Profits Slip, Chairman Points to Busy 2020

"Our average profit per partner last year was $4.7 million, so I don't think anyone is going to start a GoFundMe page or hold a telethon for Paul Weiss partners," said chairman Brad Karp.
5 minute read

The Legal Intelligencer

In an Effort to Avoid Layoffs, Marshall Dennehey Halts Retirement Matching

President and CEO Mark Thompson said response from the firm has been overwhelmingly positive in a time when some other law firms have already cut staff.
4 minute read

The American Lawyer

Reed Smith Will 'Slow' Partner Pay in Response to COVID-19 Pressures

The firm said it is holding back pay for both equity and nonequity partners as part of "a cautious approach" to protect its finances.
2 minute read

Pro Mid Market

How To Appropriately Market Yourself and Your Firm During a Global Crisis

The most important thing you can do right now in these uncertain times is to be more human and be patient. Lead with empathy.
9 minute read

International Edition

Top Firms Consider Delaying Or Reducing Partner Profit Distributions

A Magic Circle firm is among those in talks on how to deal with partner profit distributions during the pandemic.
3 minute read

International Edition

Lawyers Fear Billing Delays, Bonus Drops and Job Cuts Amid Virus Panic

Lawyers predict that their firms will need to prioritise cash retention in the coming months.
5 minute read

The American Lawyer

'Survival Mode' Is Now for Some Law Firms, While Others Plan and Wait

"This is not your normal cyclical event," one industry consultant said of the COVID-19 crisis, and law firm leaders are taking action.
6 minute read

The American Lawyer

The Case for Deferring Payments to Equity Partners Now

In explaining why law firm stress tests may not give the clarity firms need in projecting future health, Hugh Simons argues saving cash now gives you options later. And it will instill partner confidence.
7 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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