A Slaughter and May associate selects appropriate attire to wfh
Slaughter and May has announced that its staff will be allowed to work remotely for up to 40% of their time.
The elite Magic Circle firm's wfh policy for its London and Brussels staff is set to take effect from 6 September, subject to government guidance. The firm will allow trainees and new joiners to work remotely for up to 20% of their time.
“After listening carefully to views from across the firm and from our clients, we are confident that this approach properly balances the interests of our people and delivery of the highest levels of client service,” said Slaughter and May executive partner Paul Stacey.
A number of Slaughter and May staff criticised the firm for its response during the pandemic, complaining that the firm provided poor support for remote working. The firm's new wfh policy might be a step in the right direction, but it remains to be seen how it pans out with staff.
Slaughter and May's decision to allow staff to work remotely for 40% of the time mirrors the approach taken by Allen & Overy. Fellow Magic Circle firms, Clifford Chance, Linklaters and Freshfields announced that staff can split their time 50/50 between the office and home.
While other City firms have also offered staff a 50/50 split between the office and home, DAC Beachcroft and Irwin Mitchell have opted for the most flexible approach by giving staff the power to decide where, when and how they work.
Slaughter and May is also the latest firm to offer a 'Covid' bonus to thank staff, by giving them a one-off payment of 5% of their salary . "This is in recognition of everybody’s hard work and considerable efforts over the course of the pandemic,” said a spokesman for the firm.
In other Covid bonus news, Pinsent Masons said it has "supercharged" its bonus pot to £13.7m "double its usual size, in recognition of the breadth of hard work and dedication made across the business". The firm is also giving staff an additional £500 as a thank you payment.
"I'm immensely proud of the team spirit that colleagues have demonstrated throughout such a demanding year," said Richard Foley, senior partner at Pinsent Masons. He added "it is only right that the business has sought to ensure they get the recognition they deserve."
Clyde & Co is thanking its staff with an extra bonus of 3% of their salary, with a minimum payment of £1,000, meaning that a number will receive more than 3%. “The response of our people to the pandemic and all of the personal and professional pressures that came with it was extraordinary," said Matthew Kelsall, Clyde & Co’s Chief Executive Officer. "We’re pleased to be able to recognise everyone’s contribution and say thank you through this bonus.”
Meanwhile, CMS is paying staff a 'Covid' bonus of 5% of salary. Other firms to have offered a 5% bonus include: A&O, Clifford Chance, Herbert Smith Freehills, Linklaters, Hogan Lovells, Taylor Wessing, and Osborne Clarke. While Shoosmiths gifted an additional 7.7% of salary to staff. Some firms have offered set bonuses, such as Addleshaw Goddard (£1,500), Ashurst (£1,000) and Bird & Bird (£1,000). DLA Piper let its staff choose between an extra week of pay or holiday.