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By Angela Morris | May 26, 2020
In a national survey of 292 lawyers, 59% of respondents said their income has decreased because of COVID-19 disruptions, while 34% said their income had stayed the same during the pandemic.
1 minute read
By David Thomas | May 6, 2020
These cuts come on top of a 20% reduction in monthly draws and a distribution suspension for the first half of 2020 Mayer Brown's equity partners agreed to in March.
1 minute read
By Dan Packel | May 1, 2020
The global firm's COVID-19 response also includes cancellation of its 2020 summer associates program and a delayed start for incoming first-year associates.
1 minute read
By Meredith Hobbs | April 28, 2020
Equity shareholders will take a 20% pay reduction, while other lawyers and staff will see compensation cuts ranging from 4% to 15%.
1 minute read
By Brenda Sapino Jeffreys | April 23, 2020
The Kansas City-based firm increased equity partner holdbacks last month, and is now taking additional measures.
1 minute read
By Hannah Roberts | April 21, 2020
The firm has also said that it will be freezing salary reviews and pay increases to offset the economic effects of the COVID-19 pandemic.
1 minute read
By Dan Packel | April 17, 2020
The reductions, for U.S. partners, attorneys, and staff, will hit the firm's mostly highly compensated partners hardest, with cuts "much higher" than 20%.
1 minute read
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.
1 minute read
By Hannah Roberts | April 14, 2020
The firm said that the move will help it avoid using bank credit to get through the coronavirus crisis.
1 minute read
By Christine Simmons | April 7, 2020
The firm's strong performance in 2019 had leaders eying new markets, including a presence in Chicago. Now it is cutting pay across the board.
1 minute read
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