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March 31, 2020 at 06:00 AM
1 minute read
Deputy editor-in-chief, Law.com
CUTS - Law firm layoffs and compensation cuts are coming in fast amid the COVID-19 pandemic. Among the belt-tightening: Reed Smith is holding back partner pay; Womble is laying off employees and cutting compensation for lawyers and staff; Marshall Dennehey is halting retirement matching. “The dam is breaking on layoffs. Many more to come,” tweeted law firm consultant Kent Zimmermann on Monday.
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