Aiming for 'Some Sense of Certainty,' These Firms Committed to No Layoffs, Pay Cuts
While many firms are keeping their options open, a few have expressly announced that they have no plans to let people go or reduce their pay.
April 06, 2020 at 07:43 PM
4 minute read
The original version of this story was published on The American Lawyer
While many law firms are cutting jobs or pay to reduce expenses in an uncertain economy, some have made an express commitment against doing so.
Making that promise in a time of uncertainty, while the economy suffers under stay-home orders designed to slow the spread of the coronavirus, can reduce employee stress, and create goodwill and loyalty among employees, some firms said. In Big Law, Cahill Gordon & Reindel; Vinson & Elkins; Fried, Frank, Harris, Shriver & Jacobson; Perkins Coie; and Quinn Emanuel Urquhart & Sullivan have all confirmed that they have no plans to lay off employees.
Some midsize and smaller firms are taking similar steps, including Houston litigation firms Ahmad, Zavitsanos, Anaipakos, Alavi & Mensing and McDowell Hetherington, as well as virtual firm Culhane Meadows.
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