Seyfarth Joins Firms Balancing Layoffs With Restored Compensation
An increasingly tight market is putting pressure on law firms to reduce costs while also rewarding key employees to keep them satisfied.
September 18, 2020 at 03:48 PM
4 minute read
The original version of this story was published on The American Lawyer
Seyfarth Shaw is the latest firm to deliver a mix of good and bad news to its staff and attorneys.
On Friday, it announced that on Oct. 1, it will fully restore compensation to all attorneys and staff who saw reductions early in the COVID-19 pandemic. Some furloughed employees will also be returning to work. At the same time, it said that other furloughed staff and a "small number" of attorneys will be laid off.
Seyfarth joins Baker McKenzie, Davis Wright Tremaine, Nixon Peabody, Squire Patton Boggs and Venable on a list of firms that in recent weeks have cut staff positions—with Baker McKenzie also shedding lawyers—while fully or partially restoring pay to professionals and attorneys alike.
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