International law firm Simmons and Simmons has resumed its annual pay and bonus reviews that were initially put on hold due to the financial uncertainty resulting from the Covid-19 (Coronavirus) pandemic.
The employer delayed salary and bonus performance-based reviews, as well as partner distributions in April 2020 during a reduction in demand due to the pandemic. The law firm additionally furloughed staff that were directly impacted by the shift to remote working. However, employees that were placed on furlough returned to normal working hours on full pay in October.
To further deal with the financial ramifications of the pandemic, in June, the firm’s global staff also voted to reduce their working hours and pay by 20%. These pay reductions were put in place on 1 July and are currently still effective.
A spokesperson at Simmons and Simmons, said: “Simmons and Simmons is pleased to confirm that it will be paying bonuses for the 2019/2020 financial year in the November payroll. This announcement comes as the organisation continues to review the safeguards implemented earlier in the year to preserve jobs during this period of uncertainty.”