Law Firms
McDermott Will & Emery to Cut Back Employee Benefits
Posted Jun 9, 2009, 04:25 pm CST
By Sarah Randag
McDermott Will & Emery has re-evaluated its "above market" benefits plans for attorneys and staff and is reducing employee benefits effective July 1.
An internal memo obtained by Above the Law, stated that "everyone will be affected and will pay more at the point of service," but that the firm believes "these changes are relatively modest."
A spokeswoman for McDermott Will & Emery contacted by the ABA Journal declined to comment on the internal memo.
McDermott announced layoffs of 25 attorneys and 47 staff last week, and days before that, a McDermott spokesperson told Above the Law that it would pay its summer associates a prorated $135,000 annual salary rather than a prorated $160,000 annual salary.
Related coverage:
Above the Law (May 22): "Reversed Perk Watch: Kirkland Claws Back Health Care Costs"
Updated June 10 to add related coverage.
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