With the novel coronavirus taking a harsh toll on global markets and businesses small and large, one law firm is trying to avoid the layoffs and cuts that are trickling in around the industry by targeting its retirement-related expenses.

Marshall Dennehey Warner Coleman & Goggin president and CEO Mark Thompson announced in a firmwide email Monday that it is suspending its 4% employer 401(k) match until next year. The policy is effective May 1.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]