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WHAT WE’RE WATCHING
NOT IMMUNE – Firms in the Am Law Billion-Dollar Club are showing signs of duress from the coronavirus pandemic. Samantha Stokes reports that despite an extra-thick cushion of cash that initially shielded them from compensation cuts, furloughs and layoffs, more of the law firms in the Am Law 25—including Quinn Emanuel on Monday—are tightening their belts. Layoffs, however, don’t appear widespread.
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