Want to get this daily news briefing by email? Here’s the sign-up.


MORE CUTBACKS – Three weeks after Hogan Lovells said it was delaying partner distributions, the law firm has decided to cut compensation for all U.S. attorneys making more than $100,000, citing uncertainties in the pandemic environment. The cuts include reductions to equity partners’ monthly draws by up to 25%; reductions to nonequity partner compensation by 15%; and a 10% salary cut for most nonpartner attorneys, including associates. Meanwhile, Nixon Peabody has furloughed 5% of its associates and 25% of its staff while laying off another 5% of associates. For a roundup of law firm cutbacks, go here.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

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]