Wake Up Call: Law Firms Mull Pay Cuts, Layoffs in Covid-19 ‘Right Sizing’

March 25, 2020, 12:06 PM UTC

In today’s column, as talk swirls of new safety equipment, tests, and treatment for coronavirus Covid-19, Winston & Strawn hired a three partner health care team in Washington to advise companies in the sector. The pandemic has hit M&A firms in the wallet, but divorce attorneys seem to be getting more business; the top lawyer at Discover Financial Services last year earned more than the company’s CEO; and Jones Day topped a U.S. brand index for the fourth-straight year.

  • Leading off, with M&A and other billing in free fall, some Big Law firms are considering pay cuts for partners, lay-offs ...

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