TBA Law Blog


Posted by: Stacey Shrader Joslin on Apr 20, 2020

Three additional firms with offices in Tennessee have taken steps to reduce costs, Above the Law reports. Loeb & Loeb, with offices in Nashville, reportedly is cutting pay for lawyers and staff. For capital partners, monthly draws are being reduced by 20% while pay is being cut by 15% for income partners, senior counsel, of counsel, associates and senior staff, and 10% for paralegals and other staff. At Fisher Phillips, with offices in Memphis and Nashville, salaries reportedly have been cut across the board, with associates, salaried staff, and hourly employees having their checks cut by 20%. Those unable to work remotely have been furloughed. Partners also have taken a pay cut, though the exact amount was not disclosed. Finally, Greenspoon Marder, with offices in Nashville, has implemented firmwide pay cuts and reportedly laid off 40 staff members and five attorneys.