The coronavirus is hitting the legal industry hard. Here's everything we know about pay cuts, layoffs, and how summer associate classes are shaping up.
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Law firms have been hit hard by the coronavirus pandemic, with high-stakes trials being put on pause and deal work related to M&A and IPOs drying up.
Still, there have been some bright spots. Restructuring lawyers have seen a surge in activity as clients looks to navigate the crisis, and firms with strong labor and employment practices are getting a boost as clients navigate cutting jobs and workplace safety issues.We've been tracking layoffs and job cuts, plus the latest on firms' plans for their 2020 associate classes. Here's everything we know.
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