A speakerphone having transmit path with a microphone and a first amplifier having a gain determined by a controller and an input coupled to the microphone, a receive path with a second amplifier having a gain determined by the controller and a speaker coupled to an output of the second amplifier, and operable in a half-duplex mode using an adaptive echo canceller to at least partially remove from the transmit path acoustically-coupled signals from the receive path. The controller increases the gain of the first amplifier and decreases the gain of the second amplifier when a level of signals in the transmit path exceed a level of signals in the receive path, and decreases the gain of the first amplifier and increases the gain of the second amplifier when the level of signals in the receive path exceed the level of signals in the transmit path.