Hogan & Hartson has confirmed it is extending a buyout offer to between 250 and 300 of its support staff.
Staffers with more than five years of experience will be offered four weeks pay, plus one week for every year they’ve been with the firm. For some senior people, that could be 20 or 30 weeks, which is considerably more than what other firms are offering displaced staff members as part of a severance package.
The firm emphasized that this offer was made as an alternative to layoffs, and not as a precursor to future layoffs.
Founded in 1904, Hogan & Hartson is the oldest major law firm headquartered in Washington, DC. It is a global firm with more than 1,100 lawyers in 27 offices worldwide, including offices in North America, Latin America, Europe, the Middle East, and Asia.