Hogan Lovells offers voluntary retirement to about 400 business services staffers
Hogan Lovells is offering a voluntary retirement package to about 400 staff members in business services who have been with the law firm for at least five years.
The law firm says it expects between 5 percent and 10 percent of staffers to accept the offer’s “enhanced terms” for retirement, Legal Week reports.
The firm told Legal Week the package will enable the firm “to look again at our business services roles and where we deliver those services from.” The firm established a business service center in Louisville, Kentucky, last year.
The retirement offer comes amid a restructuring of the firm’s London office. Ninety positions in that office, most of them in business services, will be cut or moved to the firm’s two business service centers in England and South Africa. The “vast majority” of the people affected will be moving, and most will be going to South Africa location, the firm said.
