Hewitsons cuts salaries to stave off job cuts

It is understood that fee-earners in teams including corporate have had their salaries cut by 15 per cent and will receive one day’s extra leave per month. Other teams are working a four-day week and have had their pay reduced on a pro rata basis.

The firm’s managing ­partner John Dix said pay cuts were a temporary measure and would be reviewed in three months.

He added: “We certainly don’t take these decisions lightly, but with regard to the current economic ­conditions, and like many other firms, we need to take prudent steps to protect as many jobs as possible and to safeguard the long-term interests of the firm.”