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BigLaw agency confirms employees layoffs with ‘beneficiant…
Legislation Corporations
BigLaw agency confirms employees layoffs with ‘beneficiant separation packages’
July 11, 2024, 9:19 am CDT
Faegre Drinker Biddle & Reath has confirmed employees layoffs earlier this yr after Above the Legislation printed a leaked memo with the announcement. No legal professionals had been laid off, the regulation agency stated. (Picture from Shutterstock)
Faegre Drinker Biddle & Reath has confirmed employees layoffs earlier this yr after Above the Legislation printed a leaked memo with the announcement.
No legal professionals had been laid off, the regulation agency stated.
Above the Legislation, Law360 and Legislation.com printed an announcement by the agency.
“Faegre Drinker eradicated a small variety of assist roles efficient Feb. 9, 2024, representing lower than 5% of our whole operations and administrative head depend. No lawyer or consulting skilled roles had been impacted. The agency provided beneficiant separation packages to assist people as they transitioned from the agency.”
The leaked memo added that laid-off staff would have entry to free psychological well being providers.
Faegre Drinker is the product of a 2020 merger between Faegre Baker Daniels and Drinker Biddle & Reath.
Based on Law360, 216 legal professionals left the agency within the three years following the mixture. However the general lower in U.S. head depend was decrease throughout that point interval, amounting to about 100 individuals.
The agency is hiring lateral legal professionals and regulation grads, nevertheless. This yr, the agency added legal professionals from BigLaw corporations that embrace Troutman Pepper Hamilton Sanders, Ok&L Gates, Sidley Austin, Proskauer Rose and DLA Piper.
