John Schorah

Employees at the firm took, on average, a salary reduction of 11 per cent, which was to be reviewed at the end of this month. Last month, however, it reinstated full pay for staff for fixed share partners, who had taken a reduction in shares of 15.7 per cent, on average.

The firm also said it will again redistribute unpaid balances of 2018/19 profits to partners. Monthly drawings will remain at 80 per cent for the present.

Managing partner John Schorah said on LinkedIn: “Like most we have challenges in our business with the pandemic but in doing much better than our prudent scenario planning we have been able to not only bring that review forward but restore our peoples pay two months earlier that the first planned review.

“The support from our people on the decisions we have made while managing uncertainty has been quite humbling for me. I can’t perhaps say exceptional because I know so many businesses have also treated their people with total transparency and fairness during this pandemic.”