Katten Muchin lays off some lawyers and business professionals
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Katten Muchin Rosenman is laying off “a limited number” of lawyers and some furloughed business professionals.
At the same time, the law firm is planning to reinstate other furloughed employees who can work remotely or who have been reallocated to other areas of the firm, according to Law.com, Law360 and Bloomberg Law. The employees will be brought back by the end of November.
The law firm is also reinstating full pay Dec. 1 and making up lost pay for those still at the firm.
Katten Muchin previously announced that some furloughed staff members would be laid off Aug. 1.
Katten Muchin did not say how many lawyers and staff members are being laid off in the latest round of cuts. And while the law firm is cutting some lawyers, it is hiring new lawyers in certain “high-demand” practices.
Those who are laid off will receive severance pay based on years of service, as well as health insurance through the end of April 2021, according to Law360.
“We do not take lightly the difficult decisions we have made,” the firm said in a statement. “We will be parting ways with wonderful colleagues whom we will miss. To position Katten for continued success, however, we must be vigilant to align our business with the challenges and opportunities presented by the current and future environments.”