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April 01, 2020 | The American Lawyer

'Strong, Big-Name Firms' Are Looking at Imminent Cuts to Partner Draws, Consultant Says

To deal with economic uncertainty, industry adviser Kent Zimmermann said Am Law 100 firms are seriously considering numerous meaningful cost-cutting options.
4 minute read
April 01, 2020 | New York Law Journal

Cullen & Dykman Lays Off and Furloughs, While Cutting Lawyer and Staff Pay

The 180-attorney firm based in Long Island has laid off or furloughed more than 30 people and cut the pay of lawyers and staff who are still around, sources said.
3 minute read
April 01, 2020 | Law.com

UK-Based Fieldfisher Tells Lawyers and Staff to Use 25% of Leave Before End of June

The move comes as the firm anticipates a spike in holiday requests once the COVID-19 pandemic subsides.
2 minute read
April 01, 2020 | Insurance Coverage Law Center

Meet our 2020 Editorial Advisory Board

These thought leaders will help shape our insurance law-industry coverage throughout the coming year.
1 minute read
March 31, 2020 | New York Law Journal

Pryor Cashman Furloughs Some Associates, Citing Interrupted Workflow

Another New York midsize firm, Rivkin Radler, announced its own cost-saving moves this week by withholding partner pay and reducing associate and staff pay.
3 minute read
March 31, 2020 | New York Law Journal

Cadwalader Halts Partner Pay, Cuts Associate and Staff Compensation

Partners "have been told not to expect any distributions during the peak months of the crisis," according to an internal memo, as the firm looks to avoid layoffs.
4 minute read
March 31, 2020 | Legaltech News

More Money, More Tech, More Problems

For law firms eager to improve their tech-enabled services, the prospect of loosening ownership laws may be more mirage than a viable source of investment capital.
9 minute read
March 31, 2020 | Law.com

Law Firm Layoffs and Pay Cuts, Cue the Class Actions, 'Patient Zero' Lawyer Now Home: The Morning Minute

Here's the news you need to start your day.
3 minute read
March 31, 2020 | Insurance Coverage Law Center

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
March 31, 2020 | The American Lawyer

Allen & Overy Holds Capital Call, Cuts Partner Payouts and Freezes Associate Pay

The Magic Circle firm has also delayed some bonus payments and deferred some recruitment as it takes steps to deal with the pandemic disruption.
3 minute read

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