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Partners will see reductions of between 15% and 20%, while associates and staff will see 10% cuts. The firm's summer associate program is being condensed to four virtual weeks.
May 07, 2020 at 04:59 PM
1 minute read
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.
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