As part of its North American efforts to respond to the economic consequences of the COVID-19 crisis, Baker McKenzie said Monday that it is reducing salaries for all attorneys, along with other timekeepers and business professionals, by 15% in the United States.
The firm said that equity partners, while not subject to the same cuts, would see greater reductions in compensation than any others at the firm. The salary reductions will not affect those earning less than $100,000, and no one will see their compensation reduced below that threshold.
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