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In an effort to avoid layoffs, Marshall Dennehey halts retirement matching

While suspending 401(k) matching will not fully cover the revenue the firm anticipates it will lose, layoffs are not expected.

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With the novel coronavirus taking a harsh toll on global markets and businesses small and large, one law firm is trying to avoid the layoffs and cuts that are trickling in around the industry by targeting its retirement-related expenses.

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Marshall Dennehey Warner Coleman & Goggin president and CEO Mark Thompson announced in a firmwide email Monday that it is suspending its 4% employer 401(k) match until next year. The policy is effective May 1.  Marshall Dennehey is a large law firm devoted to civil defense litigation, with over 500 attorneys across six states.

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