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As part of its North American efforts to respond to the economic consequences of the COVID-19 crisis, Baker McKenzie is reducing salaries 15% for non-equity partners, other attorneys and staff earning less then $100,000 a year.

Equity partners are not subject to the 15% edict but will see greater reductions in compensation than others, the firm said Monday. No one will see their compensation reduced below $100,000.

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Dan Packel

Dan Packel covers change and innovation in the legal services market, and writes a weekly briefing for Law.com, "The Law Firm Disrupted," on these subjects. He is based in Philadelphia. Contact him at dpackel@alm.com. On Twitter at @packeld

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