Law firms cut back on employees, salaries

A new round of cost-cutting has hit Philadelphia law firms. Cozen O'Connor said it had laid off 61 support staff, while Dechert L.L.P. confirmed that 19 attorneys in offices around the country had been let go. At the same time, WolfBlock L.L.P. said it had instituted a 10 percent salary cut for associates in an effort to cope with declining revenues after layoffs at the firm late last year.

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