Howrey's remaining staff have been made unemployed more than a month ahead of schedule after Citibank cut funding to cover the firm's payroll, reports The Am Law Daily. The funding ended as of Thursday (31 March), according to a memo issued by the firm. Although the newly jobless staff will continue to receive some benefits up until 30 April, they were informed in the memo that all of Howrey's US offices would close and that most staff would be laid off as of close of business on Thursday.
April 01, 2011 at 09:12 AM
1 minute read
The original version of this story was published on Legalweek
Howrey’s remaining staff have been made unemployed more than a month ahead of schedule after Citibank cut funding to cover the firm’s payroll, reports The Am Law Daily.
The funding ended as of Thursday (31 March), according to a memo issued by the firm. Although the newly jobless staff will continue to receive some benefits up until 30 April, they were informed in the memo that all of Howrey’s US offices would close and that most staff would be laid off as of close of business on Thursday.
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