Seyfarth Shaw Cuts Partner Draws, Furloughs 10% U.S. Workers

Seyfarth Shaw has reduced its monthly payments to partners by 20% and it is furloughing 10% of its U.S. employees for 90 days, the firm said in a statement on Friday.

The Chicago-founded firm is reducing pay for all lawyers and the majority of staff starting May 1, using a tiered system to reduce pay the most for its highest-paid employees. The cuts will be evaluated at year end, “or sooner,” the firm said.

The firm will pay the full cost of health care for the furloughed workers, it said, most of whom are staff. A “smaller percent of attorneys” ...