Hogan Lovells will reverse the 10% salary cuts that began on June 1 for its U.S. associates, and will reinstate the deferred salary review process for its U.K. and Asia Pacific associates and business services teams.
The global firm said in a statement Friday that equity partners will continue to see reduced draws, compensation, and deferred bonus payments through the end of 2020, but the firm will review the reduced salaries of non-equity partners and senior counsel after the third quarter.
The cuts announced in Big Law firms come in large part as a result of the more difficult business ...
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