No pay cuts for SAM & Co. staff, disbursement of variable pay deferred

The Indian full-service law firm has also decided to calculate variable compensation for the eligible staff by considering the performance of the Company

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Not losing focus from the well-being of its staff, and making efforts to secure the business even during these uncertain times, Shardul Amarchand Mangaldas & Co (Sam & Co.) has decided to refrain from cutting the fixed monthly retainer of its employees. In fact, it will be paying the same fixed retainer as last year.

The Indian full-service law firm has also decided to calculate variable compensation for the eligible staff by considering the performance of the Company and paying the amount in equal trenches in March next year, and in the first half of the financial year 2021-22.

As always, the law firm — which has offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru and Chennai — will also pay the remaining variable compensation of the previous financial year.

Keeping everyone’s interest in mind, the burden of the adverse effect of the present situation, if any, will be borne and absorbed by the equity partnership of the Firm.

The Firm hopes to evolve from the experience and is positive about emerging from these difficult times with more strength.

Despite the challenging times, Sam & Co. remains committed to serving its clients and claims to have significant deals in hand. The Firm intends to fulfil its commitment of providing solutions to businesses through its advisors. It is also confident of responding to its clients with the expected excellence, innovation and collaboration.

SAM & Co is widely known across the world, for its dispute-resolution skills, as well as its extraordinary practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, capital markets, banking & finance and projects & infrastructure. With its more than 600 lawyers, including 115 partners providing legal services, the Firm has been a successful advisor to many big multinational companies.

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