By Dan Packel | April 16, 2020
The international firm is reducing the length of its U.S. summer associate program from 10 weeks to four and spreading partner distributions and bonuses initially scheduled for May over the coming months instead.
By Dylan Jackson | April 15, 2020
In a statement, firm founders Gerry Greenspoon and Michael Marder said the cuts were preemptive measures meant to offset revenue loss stemming from the novel coronavirus.
By Jack Newsham | April 15, 2020
Philip Inglima, the firm's chair, said equity partners will take a temporary 25% compensation cut, nonequity partners will take a 20% cut, and associates and counsel will take a 15% cut and staff making more than $100,000 will also have their pay reduced.
By Patrick Smith | April 14, 2020
Managing partner Bob Bodian said lawyers and staff are enduring pay cuts to avoid even worse alternatives.
By C. Ryan Barber | April 14, 2020
Wilmer Hale partner Jamie Gorelick, who leads the firm's regulatory and government affairs team, walks us through what clients are asking, and how the firm is responding. The fundamentals of crisis response? "One is to stay calm. Two is to exhibit leadership for the rest of the people who are in your organization. Three is to think very clearly about what needs to happen."
By Christine Simmons | April 13, 2020
"We have taken steps to tailor staffing needs to the current environment," the firm said in a statement.
By Meredith Hobbs | April 13, 2020
The firm has deferred partner draws by 20% and cut other lawyer and staff pay by 10%, said its chairman.
By Samantha Stokes | April 13, 2020
The firm said it expected the employees, who cannot perform their duties remotely, to return to work in 60 to 90 days and they will not experience reduced compensation thanks to a bridge fund established by partners and senior management.
By Dylan Jackson | April 13, 2020
A smaller firm is now representing the newspaper in a lawsuit that seeks the names of elder-care facilities with positive coronavirus tests.
By Patrick Smith | April 13, 2020
Goodwin Procter; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo; and Nixon Peabody are among large Boston-founded firms looking to cut costs.
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