K&L Gates and Orrick Herrington & Sutcliffe are eliminating coronavirus-related pay cuts for its attorneys and staff as more law firms walk back austerity measures taken earlier this year in response to the economic fall out from Covid-19.
K&L Gates is discontinuing salary reductions entirely for all affected professionals, associates and income partners starting October 16, with some time variations in certain markets, global managing partner James Segerdahl said Thursday in a firmwide email.
Equity partner reductions in provisional advances will stop with the advances scheduled for the end of October.
Despite initial projections earlier this year that the coronavirus ...
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