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Staff at London’s law firm can work from home full time – if they receive a 20% pay cut | work from home

Staff at a top law firm in London have been told that they can work from home permanently – but they will have to reduce their salaries by 20%.

Managing partners at Stephenson Harwood offer lawyers and other staff the opportunity as City firms try to move beyond solely office-based work in a post-pandemic culture shift to flexible and remote models.

The company’s junior lawyers have a starting salary of £ 90,000, which means that anyone who joins the official will lose around £ 18,000.

Stephenson Harwood, one of the 50 highest-earning law firms in the UK and headquartered in London, employs more than 1,100 people and has offices in Paris, Greece, Hong Kong, Singapore and South Korea.

A spokesman for the firm told the Times that the new employment policy would apply to staff at its London office and most of the company’s international offices. However, partners will not be eligible. Full equity partners receive an average of £ 685,000 annually.

The new payroll for full teleworking policy is being introduced following the company’s experience in recruiting lawyers during the coronavirus pandemic, which was not based in London, where the cost of living tends to be higher.

However, the company said it expected only a few employees would take full-time work from home because “for the vast majority of our people, our hybrid labor policy works well”.

The staff already has the opportunity to work externally two days a week.

“Like so many companies, we see value in being in the office together on a regular basis, while being able to offer our employees flexibility,” the spokesman said.

While many companies are looking at ways to entice workers who thrive on flexible and teleworking to return to the office, Airbnb has moved in the other direction, announcing that its staff can live and work anywhere they want.

On Thursday, Brian Chesky, Airbnb’s co-founder and CEO, tweeted that employees could work anywhere in the country they live without having to go down in pay.

In addition, he said staff had the flexibility to “live and work in 170 countries for up to 90 days a year at each location” as part of a plan that would also involve “most” employees committing in person for about a week. every third month.

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Last month, a pilot program was announced involving more than 3,000 workers from 60 companies across the UK who took part in a four-day working week trial.

The scheme, which is believed to be the largest trial anywhere in the world, initially runs from June to December.

It comes as the pressure on companies to introduce a shorter working week – crucial without wage losses and at the same time aimed at higher productivity – is gaining momentum as a way to improve working conditions.

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