Kelley, Drye & Warren is the latest law firm to roll back some of the pay cuts it introduced in the spring to counteract the economic impact of the coronavirus pandemic.
In an announcement to the firm on Thursday, chair James Carr said that the firm’s 10% pay cut for associates, special counsel, and staff earning more than $100,000 would be reduced to 5%. Partner reductions will remain in place for the time being.
“The firm implemented a number of cost cutting measures this spring to minimize the economic impact of the coronavirus crisis and to protect the financial health ...