Crasner Consulting has tracked the varying strategies of law firms in the wake of the global Covid-19 pandemic.
Have law firm leaders acted decisively and communicated their decisions effectively?
We have seen firms cutting Partner compensation, postponing distributions, making redundancies, using the government furlough scheme and more. We have also seen bold law firms with strong balance sheets who push on, unphased, with their strategic expansion.
Have a look at our representative timeline below:
To what extent will these measures protect the firms, and to what extent will they simply postpone the pain?