Baker & Hostetler announced Thursday that it is cutting compensation for lawyers and staff to prepare for the continuing impact of the coronavirus pandemic, even as it has made several strategic hires over the last two weeks.
Partners will see annual compensation cut by 15% to 20%, while associates and staff will see 10% cuts. The adjustments may remain in place for the duration of 2020. The firm added that it is not laying off any employees.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]