Lowenstein Sandler confirmed Wednesday it was temporarily holding back some compensation for equity partners, joining a slew of Am Law 200 firms that have responded to the financial uncertainty raised by the coronavirus pandemic with pay cuts, layoffs and furloughs.

The 300-lawyer firm, based in New Jersey, said that although it was doing well financially—it said March 2020 was its second-strongest financial month in the last two years—it had decided to pause a portion of planned distributions for equity partners. Above the Law first reported the cuts.