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.

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