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Baker Botts and Cadwalader Signs

Am Law 100 firms Baker Botts and Cadwalader, Wickersham & Taft are restoring pay after they imposed cuts a few months ago as the economy turned south due to the COVID-19 pandemic.

The managing partners of both firms said in letters to colleagues that the austerity measures implemented months ago put their firms in a position to restore pay, even as uncertainty in the economy continues.

“As the pandemic continues and parts of the U.S. experience a substantial increase in COVID-19 cases, it does not feel as though we are ‘out of the woods’ with respect to this health and economic crisis, nor is it even clear that we have seen its peak impact,” Cadwalader managing partner Patrick Quinn wrote Wednesday.

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Brenda Sapino Jeffreys

Senior reporter Brenda Sapino Jeffreys covers the business of law in Texas. Contact her at [email protected] On Twitter: @BrendaSJeffreys

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