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The American Lawyer

Crowell Cuts Pay, Citing COVID-19 Projections, Aiming to Avoid Layoffs

Philip Inglima, the firm's chair, said equity partners will take a temporary 25% compensation cut, nonequity partners will take a 20% cut, and associates and counsel will take a 15% cut and staff making more than $100,000 will also have their pay reduced.
3 minute read

International Edition

Norton Rose Staff Approve Four Day Week As More Firms Slash Partner Pay, Furlough Staff

Dentons has slashed its Europe and Central Asia partner distributions, while some of its European board members have offered to take 50% pay cuts.
4 minute read

International Edition

Spanish Firm Raises €20M With Cash Call to Shore Up Finances

The firm said that the move will help it avoid using bank credit to get through the coronavirus crisis.
2 minute read

International Edition

Addleshaws and Simmons To Furlough Staff As More Firms Hold Back Profits

Simmons is also set to furlough staff while other firms including Bird & Bird and Womble Bond Dickinson have also taken measures.
3 minute read

International Edition

Slaughter and May Suspends Partner Pay

The move by the elite firm follows similar decisions across the UK's top tier.
2 minute read

International Edition

Eversheds Sutherland Furloughs 39 Staff, Delays Bonus Reviews and Creates Hardship Fund

The firm is also considering delaying or cutting partner drawings.
3 minute read

National Law Journal

A Spike in Revenue, Followed by Pay Cuts: Arent Fox Reflects the Industry's Turn

The firm's strong performance in 2019 had leaders eying new markets, including a presence in Chicago. Now it is cutting pay across the board.
4 minute read

International Edition

HSF Latest to Reduce Partner Profits, Suspend Salary Reviews

The firm has also changed how its bonuses will be distributed this year, as it joins others in dealing with the effects of the COVID-19 pandemic.
2 minute read

International Edition

Pinsent Masons Defers Partner Profits, Furloughs Staff

The firm is the latest to take action in light of the economic pressures inflicted by the coronavirus.
3 minute read

International Edition

PwC Legal Arm Hit as Auditor Freezes Promotions, Pay Raises and Bonuses 

The firm is the second of the Big Four to announce measures to stem the economic impact of the coronavirus and the latest in a series of similar announcements among professional services firms.
3 minute read

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