It’s creative…but will it work?

In the battle to stay afloat and not have major layoffs, Schiff Hardin is turning over a new leaf.  They are making some extreme cost cuts in an effort to keep all of their associates and staff.  Associates, like partners and Of Counsel, will be paying their own full insurance costs.  The silver lining, if they do get laid off, their COBRA payments will be cheaper than what they’ve been paying at work!  In addition to insurance (which should save the firm a BUNDLE) they are pushing back start dates, shortening the summer program, and offering volunteer early retirement.  I admire their honesty with their staff and their efforts to find more creative ways to avoid layoffs and the like.  Let’s see if it works.  They are a great firm and I’d hate to see any of them go.

Cost Cutting At Schiff Hardin – Above the Law – A Legal Tabloid – News, Gossip, and Colorful Commentary on Law Firms and the Legal Profession.

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