Herbert Smith associates laid off in the firm's current consultation will receive a better redundancy package than initially expected. Lawyers taking voluntary redundancy will receive three months' notice in addition to three and a half weeks' pay for each year of service, with everyone receiving a minimum of ten and a half weeks' pay, irrespective of how long they have been with the firm. The terms are more favourable than expected given that the top 10 firm's staff handbook stipulates it will pay just two weeks' salary for each year of service.
May 01, 2009 at 10:15 AM
1 minute read
The original version of this story was published on Legalweek
Herbert Smith associates laid off in the firm’s current consultation will receive a better redundancy package than initially expected.
Lawyers taking voluntary redundancy will receive three months’ notice in addition to three and a half weeks’ pay for each year of service, with everyone receiving a minimum of ten and a half weeks’ pay, irrespective of how long they have been with the firm.
Presented by BigVoodoo
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
The premier educational and networking event for employee benefits brokers and agents.
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Shipman is seeking an associate to join our Labor & Employment practice in our Hartford, New Haven, or Stamford office. Candidates shou...
Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
