Bloomberg Law
May 14, 2020, 9:41 AM

Partner Pay Cuts Could Reach Richest Firms if Recovery Drags

Roy Strom
Roy Strom

Welcome back to the Big Law Business column on the changing legal marketplace written by me, Roy Strom. Today, we look at why July and September will be pivotal moments for Big Law management weighing changes to partner payments due to the coronavirus crisis. Sign up to receive this column in your Inbox every Thursday morning.

Heading into the week, there seemed to be a firewall protecting profit distributions at the wealthiest Big Law firms.

Sorting the AmLaw 100 by profits per equity partner, none of the 15 richest firms had publicly announced changes to partner profit distributions, according ...

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