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Baker Botts and Cadwalader Signs

Am Law 100 firms Baker Botts and Cadwalader, Wickersham & Taft are restoring pay cuts they imposed 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 across all offices that the austerity measures implemented months ago put their firms in a position to restore the cuts, 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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