They also have enacted other measures, including putting non-business-critical projects on hold, placing a freeze on new hires and deferring promotions.
April 03, 2020 at 05:18 PM
1 minute read
Correspondent, Sydney
Some Australian law firms are cutting back on partner drawdowns by as much as 50% to protect themselves against the economic impact of the coronavirus crisis.
At top-tier firm MinterEllison, equity partners have agreed to reduce drawdowns by half, effective immediately, the firm said in a statement.
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