Law Firms

BigLaw firm offers secretary buyouts with these 'extremely generous' terms

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Morgan, Lewis & Bockius is offering voluntary buyouts to its legal secretaries in the United States.

Secretaries who accept the buyouts will receive two weeks’ pay for each year of service, capped at 52 weeks, report the American Lawyer and Above the Law, which was first to report the terms.

Above the Law said the package is “extremely generous” compared with the six-month cap offered by many other law firms.

Morgan Lewis said in a statement that the buyout offer is purely voluntary and the law firm has no current plans for group layoffs, “regardless of the level of participation in the voluntary offering.”

The firm said it decided to offer the buyouts “as we continue to focus on technology innovation and cost-effective solutions for our clients, as well as the practice needs of our lawyers.”

The American Lawyer took a look at the Morgan Lewis careers page and discovered the firm is hiring legal practice assistants in several offices. According to the job description, these assistants will have “an opportunity to develop client relationships, routinely engage with practice group attorneys and legal professionals, and gain significant analytical and project management skills.”

The firm is also hiring administrative practice assistants whose duties include maintaining case and client files, processing new business intake and providing legal research.

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