Posted Jun 17, 2014 07:40 pm CDT
Fish & Richardson is the latest law firm to announce a consolidation of its administrative functions in a single location as a cost-cutting move.
The 400-attorney intellectual property specialist said Tuesday that it plans to make Minneapolis its administrative hub by March of 2015.
“We know and really like this market,” chief operating officer Rick Anderson told the Star Tribune. “We think this will be a very powerful opportunity for us to improve efficiency, reduce costs and increase our consistency and quality of service.”
The law firm expects to save about $3 million a year by moving all administrative work to its Twin Cities office, where 36 attorneys are already located.
About 80 administrative jobs are being transferred to Minneapolis from other offices, primarily Boston.
No one is being laid off, and those who don’t choose to make the move will be given generous severance packages, based on their length of time at the firm, if they stay through March 31, 2015, when the move is expected to be complete, a law firm press release explains.