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COVID-19: Impact on law firms

12 April 2020
Categories: Legal News , Covid-19 , Profession
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Many law firms appear to be weathering the COVID-19 storm fairly well so far, albeit with cuts to partner shares of profit and furloughed staff.

Solicitors are continuing to work successfully―from home―at many firms, such as Leicester family law firm Josiah Hincks Solicitors, commercial firm Clarkslegal and Essex firm Palmers Solicitors. Criminal law solicitors are having to continue to attend magistrates’ courts for urgent work although not police custody suites after a national protocol on interviewing during the COVID-19 outbreak was agreed. Crown courts are continuing to work but dealing with matters remotely where possible. Criminal lawyers and those involved in the functioning of the justice system are deemed key workers.

Magic Circle firm Freshfields Bruckhaus Deringer, in a briefing note, identified several difficulties contributing to the slowdown in M&A work during the crisis, such as delays to the auction process, valuations and approvals. Finance work in general has been affected.

Freshfields, Magic Circle firm Allen & Overy and Norton Rose Fulbright are among firms reported to have suspended partner distributions and to be offering staff flexible working arrangements and reduced hours―Norton Rose is reported to have asked staff to voluntarily go down to a four-day week, while Pinsent Masons, Slater & Gordon and Withers have all furloughed some employees. 

Categories: Legal News , Covid-19 , Profession
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MOVERS & SHAKERS

Druces LLP—Daniel Lloyd

Druces LLP—Daniel Lloyd

Corporate and commercial team welcomes technology specialist as partner

Birketts—Michael Conway

Birketts—Michael Conway

IP partner joins team in Bristol to lead branding and trade marks practice

Spector Constant & Williams—Anna Christou

Spector Constant & Williams—Anna Christou

Real estate finance practice announces partner appointment

NEWS
The extension of fixed recoverable costs (FRC) from low-value personal injury to most civil cases worth up to £100,000 ‘is failing to deliver what it promised’, the Law Society has warned
Bar campaigns will focus on protecting juries, legal aid and children’s rights in the year ahead with a working group already looking into the age of criminal responsibility, chair Kirsty Brimelow KC has said
Richard Orpin has been appointed chief executive officer (CEO) of the Legal Services Board (LSB), which oversees all nine legal regulators
Workers will be given day-one rights to parental leave in April, the government has confirmed
Lord Sales has become deputy president, and Lord Doherty a justice, at the Supreme Court. Both were sworn in this week at a ceremony conducted by the court’s president Lord Reed in Courtroom One
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