Gide Loyrette Nouel has joined the list of law firms that are adopting cash-preserving measures to "ensure that business remains afloat" during the coronavirus crisis, the Paris-based firm said in a statement released Wednesday.

Describing the measures as "precautionary," Gide said it would reduce partner distributions this year by up to 25% on a sliding scale, with senior partners taking the deepest cuts and younger partners taking lesser or no cuts to their distributions.

But the Paris-based firm, which numbers 550 lawyers including around 100 partners, said it would not be cutting its legal and business services staff and would maintain salaries, raises and bonuses based on work performed in 2019.

Gide also said it would reduce expenditures for travel, entertainment and events for 2020. Much of that spending is already on hold because of government-mandated mobility restrictions to combat the spread of the COVID-19 virus.

The firm said it was availing itself of a French government aid program to furlough staff members for whom working from home was difficult or not possible. The program, known as partial unemployment in French, pays 80% of salary. Gide said the measures would be applied to some assistants and office management teams.

"These measures are reviewed on a regular basis to ensure that they are still adapted to the situation," Gide said in a statement.

France is due to start relaxing mobility restrictions as of May 11, assuming the health situation is stable enough to allow it, Prime Minister Edouard Philippe announced Tuesday.

Like many firms in France, Gide switched to remote working for the majority of its staff in mid-March when the first coronavirus restrictions were announced.

French firms, for the most part, have weathered the lockdown with adjustments to workloads and generous government support, hoping to keep their teams intact so that business can rebound faster once the restrictions are lifted.

But as France's economic slowdown continues into its second month, some firms have announced changes to partner compensation and reductions in expenses to preserve cash.

Dentons Paris announced last week that it would cut associate pay, staff hours and spending in its Paris office in response to the crisis.