Shearman and Sterling offers 2,066 employees sabbatical leave on 30% pay

Shearman & Sterling offers employees sabbatical on 30% pay

Global law firm Shearman & Sterling is offering all of its 2,066 global employees a sabbatical on 30% pay during the Covid-19 (Coronavirus) pandemic. 

Employees that choose to take on this new benefit will be able to take up to three to six months off work.

This is the first measure the organisation has implemented to battle the financial constraints of the Coronavirus outbreak and the first voluntary leave program that Shearman has introduced as a benefit.

The scheme has been introduced to avoid the business having to furlough any staff, make redundancies, or defer bonuses and salary reviews.

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A spokesperson at Shearman & Sterling said: “Shearman is offering all its global staff and fee-earners sabbaticals on reduced pay, while Reed Smith is set to defer its equity partners’ bonus payments.

“Shearman’s voluntary leave program will allow participants to take up between three and six months off work at 30% pay.”