How are the in-house attorneys fairing right now? Any layoffs or pay reductions happening like in most firms?

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So far so good. Company-wide freeze on merit raises (were due to kick in April 1), stock bonuses are deferred (since they’re based on last year’s avg price, that’s a good thing), and a hiring freeze is now in place for everyone. In-house law departments are generally fairly skeleton crew already, we flex and expand using outside counsel when needed, thus trying to avoid layoffs in difficult times. Nothing is certain, the clients are definitely facing material layoffs, and we are also going through major restructuring with a new CEO, so I guess we’ll see. I’m in energy, GF10.

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One in house friend (large company) just found out yesterday everyone is getting a 25% pay cut. Others so far nothing.

I don't want to say I'm sitting pretty, but we've been fortunate so far at my company. No reductions to staff or pay as far as I've heard. How long this will last, IDK.

We were told layoffs should be expected in the next few weeks. 🤞🏻it’s not me

In-house at a financial services firm. Nothing concrete but plenty of rumors. We work mostly with PPP-eligible businesses, so our luck will probably run out when the bailout does.

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