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DSK fee-earners, partners take home 10-30% less cash as part of cashflow management

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.

Not all have but more and more are starting to manage the law firm money pie as Covid continues
Not all have but more and more are starting to manage the law firm money pie as Covid continues

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:

Photo by Evan Amos

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