Bloomberg Law
May 1, 2020, 3:24 PM

Squire Patton Boggs Cuts Salaries, Furloughs Staff Amid Virus

Meghan Tribe
Meghan Tribe

Squire Patton Boggs has announced that it will cut salaries and furlough some of its staff as Big Law copes with financial strain from the coronavirus crisis.

The changes, confirmed on Friday, will be temporary and will be reviewed on an on-going basis. According to the firm, partners will carry the largest financial burden with profit distributions for its global partners adjusted accordingly.

Associates will see their salaries reduced by 20%, the firm said, though the existing bonus program will not be affected by the reduction.

Global support staff at the firm will see salary cuts ranging from 10% to ...

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