Bloomberg Law
April 20, 2020, 9:45 AM

Coronavirus Crisis Could Bring Big Changes to Legal Operations

Brian Baxter
Brian Baxter

Alex Tolston, the chief legal officer for Coral Gables, Fla.-based Hemisphere Media Group Inc., a Spanish-language broadcast company, took a 15% pay cut as a result of the coronavirus and expects the law firms he works with to make similar sacrifices.

Firms unwilling to discount their billing rates “are going to have a really hard time justifying it to chief legal officers across the country taking voluntary pay cuts,” said the 39-year-old Tolston, Hemisphere’s legal chief since 2013.

The belt-tightening at Hemisphere and other corporate law departments presents challenges to law firms and could prove to be a singular moment ...

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