Bloomberg Law
Aug. 26, 2020, 12:44 AM

Loeb & Loeb Latest Law Firm to Roll Back Pandemic Salary Cuts

Rebekah Mintzer

Loeb & Loeb is partially reversing coronavirus-related salary reductions the law firm implemented in April, according to a Tuesday memo from chair Kenneth Florin.

Several firms have announced in recent weeks either full or partial reversals of cash saving measures prompted by the havoc that the coronavirus has wreaked on the U.S economy.

Loeb & Loeb will reverse salary cuts by 60% effective Sept.1, Florin wrote. He also said the firm plans to award annual year-end bonuses.

The firm cut pay for income partners, senior counsel, of counsel, associates, and senior staff by 15% in the spring and for paralegals ...

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