Yikes.
In 2020, Nothing Is Certain But Chaos And Client Billing — There’s Some Good News About The Latter, The Above The Law 2020 Law School Rankings Are (Finally) Here, Keep On Top Of Trends And Developments In Securities Regulation, Ruth Bader Ginsburg’s Clerks To Stand Guard Beside Her Casket At Supreme Court Services, Quibi-rella Looking For Hollywood Ending With Prince SPACing, Corruption, Lies, Rank Hypocrisy Do Not Matter: The Last Vestige Of Republicans’ Honor Died With John McCain, Biglaw Firms’ Lack Of Transparency During COVID-19 Is Making Associates Anxious, Associate Turnover Is Harmful To Law Firms, Illinois Bar Examiners Use Website To Show Their Utter Contempt For Applicants, Former Law School Dean, Lawyers At Am Law 200 Firm Looking At Pay Cuts Of Up To 30 Percent. Registration or use of this site constitutes acceptance of our Terms of Service and Privacy Policy.
The coronavirus crisis continues to ravage the legal profession, be it through layoffs, benefits reductions, or salary cuts. Registration or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Compensation for all employed attorneys will be reduced by 15 percent; Compensation for all executives/director positions will be reduced by 15 percent; Compensation for all other employees will be reduced by 15 percent; Employees with little/no work who cannot work remotely will be furloughed; and. We’ve been told that equity partners at Hodgson Russ almost immediately reduced their draws by more than 30 percent as soon as they had to leave the office environment to do work. We’ve already seen a Biglaw firm announce a 10 percent pay reduction for anyone making more than $100,000, but the latest salary cuts are quite the doozy in comparison.
Where on Your Priority List is CLE? The range of legal issues, regulatory challenges, and policy changes unfolding during this crisis are historic. Are you on the right track? A Little LeverEdge Can Save You Thousands On Your Student Loans. In response to the economic slowdown, the firm is instituting a temporary pay cut for all attorneys, professionals, and staff. Never worry about dealing with your PDF’s again, Foxit PhantomPDF provides a full service, easy-to-use software for all of your PDF and document needs. Thousands of attorneys rely on PLI’s My Credit Tracker tool to track their compliance requirements.
An insider expressed unease about the firm taking advantage of the furlough scheme in Belfast and wage subsidy scheme in Dublin, and about the pay cuts, when its financial state was opaque. Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. Driving Efficiency In Law Firm Accounting. My Credit Tracker: You Take the Programs, We Do the Rest. The Supreme Court Nominee’s Confirmation Process Will Be Cringeworthy.
Finally, the Functional PDF Software Lawyers Want and Need. How a Northwestern Law student uses collective bargaining to help everyone get a better deal. Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. "A number of Dublin based law firms have made significantly higher cuts across their businesses in addition to taking other measures, which we did not take", she added. © 2020 Breaking Media, Inc. All rights reserved. We hope this means the firm is able to avoid layoffs or furloughs if this pandemic goes on for longer than expected. As another hour goes by, another Biglaw firm announces that it’s taking cost-cutting measures to alleviate the pressures that have been foisted upon it by the worldwide coronavirus outbreak. Legal Ops Leaders: How Does Your Department Measure Up? A Gift For Summer: Free Access To On-Demand Law Courses, Managing Evolving Client Relationships Remotely, The Secret To Faster, Cheaper, And Better Malpractice Insurance. Bookkeeping For Lawyers: Are You Helping Or Hindering Your Firm’s Financial Performance? How a Northwestern Law student uses collective bargaining to help everyone get a better deal. Legal Ops Leaders: How Does Your Department Measure Up? Are you on the right track? In 2020, Nothing Is Certain But Chaos And Client Billing — There’s Some Good News About The Latter, The Above The Law 2020 Law School Rankings Are (Finally) Here, Keep On Top Of Trends And Developments In Securities Regulation, Ruth Bader Ginsburg’s Clerks To Stand Guard Beside Her Casket At Supreme Court Services, Quibi-rella Looking For Hollywood Ending With Prince SPACing, Corruption, Lies, Rank Hypocrisy Do Not Matter: The Last Vestige Of Republicans’ Honor Died With John McCain, Biglaw Firms’ Lack Of Transparency During COVID-19 Is Making Associates Anxious, Associate Turnover Is Harmful To Law Firms, Illinois Bar Examiners Use Website To Show Their Utter Contempt For Applicants, Former Law School Dean, Am Law 100 Firm Cuts Partner Pay Entirely, Reduces Associate Salaries By 25 Percent. Your opinion is important to us, take a survey. Biglaw, Cadwalader, Coronavirus, COVID-19, Layoffs, My Credit Tracker: You Take the Programs, We Do the Rest. We hope the pandemic subsides and the world returns to some sense of normalcy very soon. Where on Your Priority List is CLE?
Arent Fox partners are, in fact, taking a big hit — and so are staff members.