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Company / Laws

The reduction of staff and salaries of American law firm in crisis

PRAVO.RU 05.05.2020 at 18:25

News portal PRAVO.RU

Edition of the American Lawyer tells how major us and international law firms cope with the economic crisis, which caused the pandemic. Several companies reported that the business is going well, but we must also be proactive, given that the situation is unclear, and it is unknown how long it will last. Perhaps this is true and legal business has yet to fully feel the "effect of coronavirus". While law firms massively reduce the payouts to partners and a leave of absence of administrative personnel. Basically, they seek to avoid wage cuts and layoffs. However, there are exceptions.