McGrigors has announced a large-scale cost-cutting programme that will see partners taking a reduced share of the firm’s profits, staff agreeing to unpaid leave, and a firmwide salary freeze.
The top Scots firm revealed today (8 May) that partners have agreed to take a 5% reduction in their annual base profit share, without receiving any additional leave to compensate for this.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
