Crowell & Moring, an Am Law 100 firm known for its major government contracts practice, said Wednesday it will cut pay for lawyers and some professional staff by 5% to 25% in response to the coronavirus pandemic and its impact on the economy.
Philip Inglima, the firm’s chair, said equity partners will take a 25% compensation cut, income partners will take a 20% cut, and associates and counsel will take a 15% cut. Staff making more than $100,000—about a third of the firm’s staff—also will have their pay reduced 5% to 20%, he said. He said the reductions were temporary and the firm expects to lift them by the end of the year, depending on the impact of the pandemic.
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