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More Am Law 25 firms, including at least one more on Monday, are using compensation levers to shore up their finances in an economy upended by COVID-19.
May 11, 2020 at 04:32 PM
1 minute read
The original version of this story was published on The American Lawyer
For ultra-high-grossing law firms, an extra-thick cushion of cash made it easier to resist the initial wave of pay reductions, furloughs and layoffs that swept through the legal industry, slimming down paychecks and claiming at least 64,000 jobs last month.
Now the holdouts are thinning even in the Am Law 100′s most rarefied air.
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