DLA Piper’s New Zealand office has cut partner drawings and staff pay by up to 30 percent but avoided making redundancies, as the firm joins others in its battle to deal with the COVID-19 pandemic.
As LawFuel recently reported on moves by global law firms to cut drawings and pay during the ‘coronapocalypse’, the moves are hardly unusual although there is little reporting on what other New Zealand law firms are doing to reduce overheads.
US law firms like Cadwalader, Wickersham & Taft and Reed Smith have come under greater financial pressure than UK law firms like Allen & Overy and DLA Piper, the Financial Times reported. However the situation is very much a ‘reducing feast’ as firms continue to assess their financial situation.
DLA Piper New Zealand, part of the global network across 40 countries, has over 100 staff across its two offices and was one of the major law firms that did not take the government’s pay subsidy which six of the major firms did take, before returning the funds to the government amid considerable publicity.
[adrotate banner=”92″]
Read More New Zealand News
- Reddit Ranks Law Firms by How Cool They Sound (Spoiler: Most Don’t)
BigLaw’s Sonic Boom And The Definitive Ranking of Law Firm Names That Actually Slap Tom… Read more: Reddit Ranks Law Firms by How Cool They Sound (Spoiler: Most Don’t) - Clio CEO on Legal AI and Why Australia’s the Next Legal Innovation Frontier
Legal AI Interview In a recent episode of the Scalable Law Podcast, Clio CEO Jack… Read more: Clio CEO on Legal AI and Why Australia’s the Next Legal Innovation Frontier - Legal AI News – Sheppard Mullin Partner with Legora
Sheppard, Mullin, Richter & Hampton LLP has announced a new partnership with Legora. The integration… Read more: Legal AI News – Sheppard Mullin Partner with Legora - Class Action filed against Transpower and Omexom following massive Northland power failureCompensation sought for negligent power outage estimated to have cost businesses tens of millions of dollars… Read more: Class Action filed against Transpower and Omexom following massive Northland power failure
- Tragic Death in New Zealand of Talented DC Lawyer
Kellam Conover, 44, the Washington DC-based lawyer who tragedly died this week climbing Mount Cook… Read more: Tragic Death in New Zealand of Talented DC Lawyer - Private Equity Eyes Big Law And Top Firms Are Opening the Door
The Private Equity Law Firm Play Ben Thomson, LawFuel contributor Private equity is circling the… Read more: Private Equity Eyes Big Law And Top Firms Are Opening the Door - SEO For Lawyers: 4 Tips For Success
Souce: The eDigital Company Today, the modern client’s journey often begins with a search engine.… Read more: SEO For Lawyers: 4 Tips For Success
