Now that we are well and truly in the midst of the coronavirus, most of the top law firms in the U.K. have declared their hand in dealing with partner pay, promotions, employee salaries and furlough.
Publicly at least, they are largely giving out a similar message – that in order to safeguard the business for the future they are acting responsibly. Partners pay outs are being deferred, drawings are being reduced by as much as 20% to 40% in some cases, salary reviews are being put on hold and bonuses frozen across the board.
