Monday BigLaw Merry-Go-Round (Apr 20, 2020)

Recent reports on lateral hires, financial data, salaries, and hiring trends in BigLaw.

• "Hogan Lovells Trims Summer Program, Delays Partner Distributions," The American Lawyer

• "Reed Smith, Greenberg Traurig Take Different Approaches to First-Year Start Dates, Summer Programs," The American Lawyer

• "Ogletree Cancels Summer Associate Program," Daily Report

• "Summer Associate Programs and COVID-19: How Law Firms Are Responding," The American Lawyer

• "Latham Summer Associates Program Lives On, With Pay, But Uncertainties Remain," The American Lawyer

• "Troutman and Pepper Cancel Summer Programs, Make Job Offers Amid COVID-19 Disruption," The American Lawyer

• "Reed Smith Trims Associate Pay by 15%, Expanding Coronavirus Response," The American Lawyer

• "Schiff Hardin Attorneys, Staff Hit With Salary Cuts Up to 50%," The American Lawyer

• "No Pay Cuts at Ogletree, but Reduced Hours or Furloughs for Some Employees," Daily Report

• "Crowell Cuts Pay, Citing COVID-19 Projections, Aiming to Avoid Layoffs," The American Lawyer

• "3 NY Firms Disclose More Layoffs, Furloughs," New York Law Journal

• "Greenspoon Marder Combines Layoffs, Pay Cuts, Expecting Revenue Decline," Daily Business Review

• "Pay Cuts, Layoffs, and More: How Law Firms Are Managing the Pandemic," The American Lawyer

• "'The Idea Is Not to Do This Twice': Mintz Leader on the Fight to Avoid Furloughs, Layoffs," The American Lawyer

• "Coping With Post-Merger Pandemic, Faegre Drinker Trims Partner Pay, Proceeds With Integration," The American Lawyer

• "Baker McKenzie To Trim Attorney, Professional Salaries by 15% in US," The American Lawyer

• "After a Record Year, Venable Cuts Pay, Furloughs Some Staff to 'Prudently Prepare'," The National Law Journal

• "Sheppard Mullin Furloughs 33 Staff Members," The Recorder

• "Smith Gambrell Cuts Pay for All, but Nixes Layoffs as 'Prudent Management'," The Recorder

• "Boston Firms Make Cuts, Program Changes as COVID-19 Continues to Rattle Industry," The American Lawyer

• "Kilpatrick Cuts Pay for Lawyers and Staff as Firm Anticipates Revenue Decline," Daily Report

• "Fisher & Phillips 'Proactively' Cuts Pay, With Equity Partners Bearing Brunt," Daily Report

• "Morgan Lewis Bucks Trend and Raises Salaries as More Cut Pay," Law.com International

• "Hogan Lovells Furloughs European Staff, Freezes Recruitment, Defers Partner Profits," Law.com International

• "CC Offers £400 Remote Working Allowance as Deloitte Legal Proposes Reduced Hours," Law.com International

• "Ashurst Cuts Staff Working Week, Reduces Partner Drawings, Furloughing Staff," Law.com International

• "Norton Rose Staff Approve Four Day Week As More Firms Slash Partner Pay, Furlough Staff," Law.com International

• "Spanish Firm Raises €20M With Cash Call to Shore Up Finances," Law.com International

• "First Quarter M&A Activity Plummets in Latin America as COVID-19 Spreads," Law.com International

• "Law Firms Across Africa Respond to the Spread of COVID-19," Law.com International

• "Wilmer Grows Profits Per Partner, Revenue Per Lawyer as Head Count Dips," National Law Journal

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