Transatlantic firm Womble Bond Dickinson has laid off a ‘small group’ of US employees and temporarily cut the pay of its remaining US staff in response to the Covid-19 crisis.
The firm, which has around 550 lawyers in its US offices, said it made the ‘hard decision to furlough some selected employees and let go another small group’ in response to the pandemic. ‘In addition, we are temporarily instituting a 10% or less pay reduction (with lower levels of compensation reduced by smaller percentages) for our remaining staff and attorneys.’
According to Above the Law, which published the cost-saving measures yesterday, the 10% pay reduction applies to those making over $100,000. Lower percentage reductions will be imposed on lower salaries.
Womble Bond Dickinson said: ‘Decisions like these are never easy, but we believe taking these steps now will curb the negative economic impact of the COVID-19 pandemic and keep our firm strong and well-positioned to continue serving our clients at the highest level.’
*The Law Society is keeping the coronavirus situation under review and monitoring the advice it receives from the Foreign & Commonwealth Office and Public Health England.
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