Australia’s Clayton Utz Freezes Hiring, Will Cut Hours if Conditions Worsen

Australia makes the pages of Law.com. Things must be serious ! “The firm stated that cash flow is a concern because clients will be looking at their own finances and may delay bill payments.”

Australian law firm Clayton Utz has instituted a hiring freeze and will consider reducing employee hours if economic conditions worsen.

“The business is holding up well for now but concern as to workflow is increasing, particularly in our private sector transactional areas of practice,” managing partner Rob Cutler said in a statement on the firm’s response to the COVID-19 economic crisis.

The firm has taken a few “initial actions,” including a hiring freeze, redeploying some workers and inviting support services employees to purchase additional special leave over the next three months.

“Maintaining adequate cash flow will be a real issue given our expectation is that clients will be looking at their own finances and may delay bill payments,” Cutler said.

More at. https://www.law.com/international-edition/2020/04/02/australias-clayton-utz-freezes-hiring-will-cut-hours-if-conditions-worsen/