April 2, 2009 5:29 PM
93 Staffers Out at Hogan & Hartson
Posted by Ed Shanahan
Layoff news seems to come in waves. We learned earlier today through our colleagues at Legal Times and from a post on Above the Law that Hogan & Hartson has cut 93 staff members. Firm chairman Warren Gorrell, Jr., confirmed the move to Legal Times.
"This is the darkest day of my 30-year legal career," he told the BLT (Legal Times's blog). “For all of our employees, we did whatever we could to avoid layoffs and preserve jobs. But when we saw that only 28 people had accepted our buyout offer, we knew it didn’t solve the problem.”
The firm previously had offered buyouts to 258 staffers, hoping to avoid layoffs. But as Gorrell's comment notes, only 28 people accepted the offer by the March 27 expiration date.
Hogan & Hartson will pay between four and six months’ severance, based on the number of years served at the firm. The firm also is offering a $2,500 stipend to cover health care costs and other expenses.
For those 28 who had accepted buyout offers, if those amounts are less than what one would have received in severance pay, the firm will pay those individuals the higher amount.
Read the full story here.
The Layoff List
The American Lawyer
Hogan & Hartson Offers Buyouts to 240 Staffers
The National Law Journal