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Reed Smith (Photo: Diego M. Radzinschi/ALM)

Reed Smith on Thursday announced a temporary 15% cut to associate pay, a day after reporting that it would delay its first-year start date to January 2021 and shorten its summer associates’ program to five weeks.

The firm has already made the decision to defer partner distributions across the firm, and a spokesperson acknowledged Thursday that it has also reduced base pay for counsel by 10%, while deferring decisions on merit increases and discretionary bonus payments for professional staff.

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Dan Packel

Dan Packel covers change and innovation in the legal services market, and writes a weekly briefing for Law.com, "The Law Firm Disrupted," on these subjects. He is based in Philadelphia. Contact him at [email protected] On Twitter at @packeld

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