More McDermott layoffs
McDermott Will & Emery issued its second layoff memo this year on Thursday. The grim news: the loss of 25 lawyers and 47 administrative staff.
The elimination of 72 people is on top off a reduction of 149 jobs in February, which included 60 attorneys. The combined hit represents about 8 percent of the 1,100 attorneys the firm had in February.
The lack of work in the recession remains the culprit. As Chairman Harvey Freishtat explained in the memo: "This difficult decision results from a careful review of the current and projected needs of our clients. While we are seeing signs of recovery in some practice areas, demand for transactional-related services continues to lag."
The firm, as usual, did not break down the layoffs by office. But some of the victims included first-year associates who started last fall.
For more info see the Chicago Tribune article.
