Latham & Watkins on Friday became the latest firm to upend plans in reaction to the worldwide outbreak of the coronavirus—officially known as COVID-19.

The second-largest U.S. law firm by revenue said it was canceling its global partners meeting, which was set to take place next week in New York. Latham has 2,720 lawyers spread across 29 cities in 14 countries.

"After careful consideration, and with the health and well-being of our colleagues and clients foremost in mind, we made the difficult decision to cancel our global partners meeting," said Richard Trobman, the firm's chair and managing partner, in a statement. "While we perceive the risks to be small, safety is our first priority, and we thought this decision was in the best interests of all concerned given the uncertainty surrounding COVID-19."