Law firm Burges Salmon is to repay in full the money it received under the government’s Coronvirus Job Retention Scheme.
In April 2020, the organisation furloughed 42 employees due to the Covid -19 (Coronavirus) pandemic. The roles impacted were those in service teams, such as front-of-house staff, travel co-ordinators, and personal assistants.
However, due to the organisation’s performance exceeding expectations during the following months, it has now returned all employees from furlough and plans to return the money to HM Revenue and Customs (HMRC) in December 2020.
During the pandemic, the organisation did not make any redundancies or salary cuts.
Roger Bull, managing partner at Burges Salmon, said: “Having undertaken a detailed financial review and forecasting exercise of the first six months of 2020, our firm is now in a stronger-than-anticipated position with a greater degree of confidence about the future. On that basis, it has been decided that the firm will repay the funds we received from the furlough scheme in December. We are very grateful to have had access to the furlough scheme but as we are in a better position than we anticipated, we are pleased to be able to repay it.”