Both Am Law 100 firms had cut non-partner lawyer and staff pay as economic uncertainties related to the coronavirus pandemic hit the legal industry.
July 30, 2020 at 04:43 PM
1 minute read
The original version of this story was published on American Lawyer
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.
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