Bloomberg Law
April 9, 2020, 12:18 PM

Wake Up Call: Big Law Firm Slashes Partner Draws 90% in Survival Move

Rick Mitchell
Rick Mitchell
Freelance Correspondent

In today’s column, Hogan Lovells incoming CEO announced a shakeup of the firm’s group structure and leadership; Big Law pro bono practices are seeing a boom in the Covid-19 crisis; McDermott Will & Emery added four restructuring partners, as firms get ready for a wave of coronavirus bankruptcies; Reed Smith said it’s expanding its “new law” partnership with ALSP Elevate; and a Harvard Law student whipped out a gun during a recent online class via Zoom.

  • Leading off, dozens of law firms have announced cost-cutting and other measures to preserve their finances during the Covid-19 crisis. Among the latest, Kansas ...

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