Lawyer Pay

1174 ABA Journal Lawyer Pay articles.

How to get paid quickly with online payment tools in the time of the coronavirus

Coming into the office to pay may not be a safe option for either your clients or law firm staff in 2020. Instead, you’ll have everyone’s best interests in mind when you offer your clients the ability to pay legal bills online from the safety and comfort of their own homes. It’s a win-win for both your firm and its clients.

Which law firms laid off lawyers and cut pay this past week? The announcements slow to a trickle
For weeks, larger law firms have been announcing layoffs, furloughs and pay cuts. The impact is widespread, with the legal services sector losing 64,000 jobs in April.
75% of associates surveyed say job security and pay cuts are top worry; who got hit this week?

As reports build of pay cuts, furloughs and layoffs at law firms, it’s understandable that associates are concerned. Now, a new survey of 1,335 associates quantifies the extent of their worries.

The good and bad news: Firms continue to announce cuts, but it’s at slower pace
More law firms announced pay cuts, layoffs and furloughs this week, but the pace is slowing. Since the ABA Journal reported on such measures last Thursday, at least eight more law firms gave staff members and lawyers bad news.
Some law firms will die without quick cuts, consultant says; which ones acted this past week?
At least a dozen more large and midsized law firms cut pay and furloughed employees in the past week because of the novel coronavirus pandemic. But it’s not nearly enough, according to a former BigLaw lawyer who once worked as a consultant.
It was another bad week for many BigLaw lawyers and staffers; who saw pay cuts and furloughs?
It’s not over, by any means. It has been a week since the ABA Journal reported on the latest large and midsized law firms to cut pay, reduce partner draws, and furlough or lay off staff because of the COVID-19 pandemic. Since then, at least 15 more law firms took temporary steps to reduce costs.
Afternoon Briefs: Missouri sues China over COVID-19; lawyer accused of threatening cameraman

Missouri is first state to sue China over COVID-19

The state of Missouri has filed a lawsuit against China that contends that its government covered up knowledge of COVID-19 and…

Gross revenue jumped 5% for top US law firms last year; which firm surpassed $4B?
Gross revenue for the nation’s 100 highest-grossing law firms jumped 5% last year, with 86 of the firms reporting gains.
At least 19 more law firms cut pay and furlough employees; will partners ultimately benefit?
More and more law firms are cutting salaries, reducing partner compensation, and furloughing or laying off employees because of the novel coronavirus. Since the ABA Journal’s story last Thursday on the trend, at least 19 additional large and midsized law firms have taken temporary measures to reduce costs because of financial uncertainty created by the COVID-19 pandemic.
Pay cuts and furloughs continue as more firms trim costs to address COVID-19
Several major law firms announced pay cuts and some furloughs this week, joining at least nine midsize and large firms that took those steps last week.
Some corporate lawyers see pay cuts as coronavirus impacts bottom lines
The COVID-19 pandemic is affecting corporate earnings and the compensation of top corporate executives—including some general counsels.
BigLaw pay cuts and layoffs are likely to multiply, experts say; which firms are doing it?
Large and midsize law firms responded to economic pressures caused by the COVID-19 pandemic this week with pay cuts, layoffs and lower partner payouts. And it’s not over yet, observers say.
Baker Donelson temporarily cuts pay, furloughs some employees because of COVID-19
Baker Donelson is imposing temporary pay cuts, reducing partner draws, and furloughing some employees because of the financial impact of the COVID-19 epidemic.
Cadwalader cuts pay, pauses partner distributions because of coronavirus financial impact
The law firm Cadwalader, Wickersham & Taft is imposing temporary pay cuts and pausing partner distributions because of the financial effects of the novel coronavirus crisis.
Pay cuts, layoffs, lower partner distributions part of BigLaw response to COVID-19 impact

The economic impact of the novel coronavirus pandemic is hitting BigLaw. “Businesses around the world are bracing for the short-term and potential long-term economic impacts of COVID-19,” said one firm.

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