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Hartford area law firms seek more investment in technology, less on office space

Hartford area law firms seek more investment in technology, less on office space
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43% of partners took a pay cut because of COVID-19, new survey finds


43% of partners took a pay cut because of COVID-19, new survey finds
 
Image from Shutterstock.com.
Forty-three percent of partners reported taking a pay cut directly related to COVID-19, according to Law360’s inaugural
Law Firm Partner Compensation Survey: Partnership and Pay in an Unprecedented Year, released Wednesday.
Of those partners who saw their pay reduced because of the pandemic, nearly half said their salary was slashed by 20% or more, the survey found. The median pay decrease due to the pandemic was 15%.
Law360 has more on the survey here.
Additionally, 34% of partners said their firms de-equitized partners in 2020, while 38% disclosed that their firms had asked partners to retire. ....

Kerry Benn , Sherry Cushman , Cushman Wakefield , Lyle Moran , Law Firm Partner Compensation , Law Firm Partner Compensation Survey , Unprecedented Year , Legal Rebels , கெர்ரி பென் , ஷெர்ரி குஷ்மேன் , குஷ்மேன் வேக்ஃபீல்ட் , லைல் மோரன் , சட்டம் நிறுவனம் கூட்டாளர் இழப்பீடு , சட்டம் நிறுவனம் கூட்டாளர் இழப்பீடு கணக்கெடுப்பு , சட்டப்பூர்வமானது ரெபெல்ஸ் ,