Legal technology and services companies are taking a cue from their Big Law firm clients by cutting salaries and other costs as responses to a legal industry economy that’s been damaged by the coronavirus crisis.
The consulting and legal tech firm Elevate Services recently decided on an across-the-board 10% salary cut that will hit each of the company’s roughly 1,300 employees located in about 15 countries, Elevate Chairman and Chief Executive Officer Liam Brown told Bloomberg Law.
At the same time, legal tech “app store” Reynen Court, which has been backed by a consortium of 19 leading U.S. and U.K.-based ...
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