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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