Coronavirus impact: Cyril Amarchand Mangaldas fast-tracks bonus payouts

At a time when businesses are looking to cut costs, Cyril Shroff said the firm wanted to stay true to its people-first culture

In a bid to pep up the morale of its 750-strong employees, largely working from home, law firm Cyril Amarchand Mangaldas has fast-tracked its annual variable bonus payouts to beat the pandemic lockdown.

At a time when businesses are looking to cut costs, Cyril Shroff, managing partner, Cyril Amarchand Mangaldas, said the firm wanted to stay true to its people-first culture.

“They need to be rewarded for the work,” said Shroff. Overall, payouts this year were around 5 per cent above last year.

Law firms generally hand out annual bonus to employees in the March-April time frame. Given the lockdown,