Washington, D.C.-based  Arent Fox grew its revenue by double digits while seeing a healthy boost in profits in 2019—the first full year of its combination with a smaller Boston firm.

Then the 2020 pandemic hit, shuttering about a quarter of the U.S. economy. Arent Fox, like many other firms, has made cost-cutting moves, such as 25% pay cuts for associates and staff and 60% reduction in equity partner distributions, according to Above the Law.

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