Bloomberg Law
Oct. 14, 2020, 9:35 AM

Law Firms Reverse Coronavirus Cuts, but ‘Triage’ Not Over Yet

Meghan Tribe
Meghan Tribe

Some of the country’s biggest law firms early in the coronavirus pandemic rushed to cut pay and trim staff, fearing an economic storm ahead. More than half a year later, many are faring better than expected.

Nearly half of the largest 100 law firms in the country resorted to some combination of pay reductions and delays, furloughs, or layoffs as the pandemic swept the U.S. Now 27 of those 48 firms have restored pay in part or completely, according to a Bloomberg Law analysis.

A handful of the most profitable firms have even given out “pandemic bonuses” of up to ...

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