Lawyers, accountants cut drawings, seek subsidies

Fri, 10 Apr 2020

The country's biggest law and accounting firms are shoring up their balance sheets in response to the covid-19 crisis by limiting partners drawing cash in advance of year-end profits, taking up the government wage subsidy and freezing new hires. Among large and long-established firms to apply for the government's wage subsidy are MinterEllisonRuddWatts and Simpson Grierson.Pete Boyle, the chief executive of 40-partner law firm Duncan Cotterill, told BusinessDesk he hates to think about how many different budgets the firm has prepared, but...

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