DSK Legal has embarked on a series of cash flow management exercises in light of the ongoing Covid-19 crisis, including temporary reduction in remuneration of fee-earners.
DSK Legal has embarked on a series of cash flow management exercises in light of the ongoing Covid-19 crisis, including temporary reduction in remuneration of fee-earners.
We understand from sources with knowledge of the move that DSK partners’ remuneration this month has been reduced by 30%.
Fee-earners at around the principal associate level have faced a reduction of around 20%, while the more junior DSK fee-earners saw take-home-pay that was 10% lower than usual.
The measures are intended by the firm to be temporary, according to sources.
DSK declined to comment when contacted.
The range of Covid-19 management responses amongst the big law firms has varied somewhat so far:
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