Reed Smith is reducing partner distributions in response to the disruption and economic effects of the new coronavirus.

A Reed Smith representative said in a statement Monday: “Businesses around the world are bracing for the short-term and potential long-term economic impacts of COVID-19, and we are taking a fiscally conservative yet responsible approach. Our leadership is taking a cautious approach and has made the decision to slow partner cash distributions in the near term as a precaution. We think this is a prudent choice as we look ahead to uncertainty in global events.”

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