This Am Law 100 Firm Has Reversed All Salary Cuts, And Is Making Good On Promise Of Back Pay Good news at the firm! The firm believes that this decision will safeguard the health of employees across its international network.”. , and cuts salaries and reduces the work hours of a number of its associates, junior lawyers and paralegals across different practices. A series of immediate measures, including a self-initiated test of all Viennese employees, promptly responded and ensured that all contacts with clients, courts, authorities and business partners only take place through negatively tested employees.”. Dentons also postpones the planned opening of its Dublin office until September. The plan will be rolled out in Dentons’ other UK offices over the following weeks. He refused to accept this and pursued the matter through the tribunal. Mayer Brown announces a global reduction of 15 per cent in salary for its non-equity partners, together with a cut in pay for its business services staff who earn more than $200,000. However, added investment means more money and firms wanting to expand quickly […], Addleshaw Goddard has hired a data protection partner from Lewis Silkin, the latest in a spate of laterals to bolster its City headquarters. With 26 partners, including 17 in Milan, Dentons is the larger of the pair, Bakers has 25 partners across its two offices, 19 of whom are in Milan. Annual salary review is shifted from 1 July to 1 November and the payment of bonuses is also deferred to November. The Lawyer understands that staff have been asked to vote online later this month for a 20 per cent reduction in hours with an associated reduction in pay. ECIJA makes working from home compulsory. Herbert Smith Freehills puts its Madrid employees on a four-day week from 1 May, cutting their salaries by 20 per cent. BCLP launches a redundancy consultation across several jurisdictions, with the firm also set to close its office in Beijing. asks staff in New York to work from home following government advice. It’s a trend that will surely spread across Europe as firms struggle to manage the outbreak. Industry Report: Survival or Evolution Report, How Your Rivals Are Breaking Digital Precedent. Burford’s CEO, Chris Boggart said: “We regret the delay in the release of our 2019 results, but these are unprecedented circumstances and the health and safety of our team is our first priority. Salaries for business services staff who earn less will be reduced according to a graduated scale. One person had contact with a court, which was also informed. The offices in Bilbao and Valencia remain open for the moment. Osborne Clarke and Bird & Bird both bring back some furloughed fee-earners and business services staff. Cancelled partner conference in New York. Many associates will accept it. consults with other staff over an 11 per cent salary reduction. Search and apply for thousands of vacancies, or receive email alerts for new roles when they go live. Burges Salmon furloughs 42 members of staff and redeploys a number of employees into business support functions. Brown Rudnick furloughs around 17 City fee-earners and temporarily docks pay for those earning over $100,000. Bryan Cave Leighton Paisner decides to defer the payment of certain portions of planned partner distributions and makes a 15 per cent salary reduction for its staff across the international network for a period of 13 weeks starting next month. DWF trainees voice their dissatisfaction with the September qualification process. Burford’s CEO, Chris Boggart said: staff member reported exposure to someone who had tested positive for COVID-19, . As of October 2, all of the salary cuts are officially over. Quinn Emanuel closes New York office and tells staff to work from home from 9 to 13 March after a partner tests positive for coronavirus. Back in the spring, the firm made series of austerity cuts, designed to avoid layoffs, that included reducing partner monthly draws by a minimum of 25 percent, cutting associate and counsel compensation by 20 percent, and cutting all staff compensation by up to 15 percent for those who make more than $100,000 and by 10 percent for those making between $75,000 and $100,000 (with chief officers volunteering to take higher reductions, commensurate with those of partners). The decision was made after a, Meet the new boss: the asset managers investing in listed law firms, Addleshaws ramps up lateral recruitment with TMT hire, Linklaters brings in academics to school trainees in legal tech, Proskauer expands London office with first UK litigation partner, brings back back a third of its furloughed employees, partially reopens in London and Birmingham, postpones the planned opening of its Dublin office, defer the start of their training contracts, cuts newly-qualified solicitor compensation, a global reduction of 15 per cent in salary, puts three-quarters of its workforce on reduced working hours, looks to extend its external credit facilities, withholds its latest quarterly distribution for equity partners.