After announcing limited staff furloughs last week, Ogletree Deakins Nash Smoak & Stewart on Tuesday said it also will cut pay through the end of the year for all lawyers, including shareholders, and for staff making over $100,000, in response to the coronavirus pandemic.
“In order to preserve jobs and maintain the stability of the firm for the long run,” said the national labor and employment firm said in a statement, the firm “has made the difficult decision to implement pay reductions for attorneys and highly compensated staff through the end of the year.” The firm announced the pay cuts internally on Monday.
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