Davis Wright Tremaine is the latest firm to implement salary cuts, staff furloughs, and reductions in equity partner distributions as the legal industry struggles to cope with the economic impact of the coronavirus pandemic.
“We’ve delayed actions that affect jobs and paychecks for as long as we could,” Davis Wright Tremaine managing partner Jeff Gray said in a statement. “But, like many of our peers, we now must take additional steps to protect the firm, while continuing to provide the highest level of client service and ensure we emerge in the strongest possible position.”
His statement said that although the ...