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McDermott Will & Emery, which recently laid off 25 associates and 47 staff and cut pay, is now cutting health benefits for associates and staff.
According to an internal memo leaked to the blawgosphere, the firm believes its employee health benefits plans are “above market,” and should be brought more “in line with the market.”
Specifically, according to online sources, the firm will increase some premia and deductibles, and reduce pharmaceutical coverage. Changes take effect July 1st.
McDermott Will & Emery LLP, founded in 1934, is a prestigious international law firm headquartered in Chicago, Illinois. It is one of the top 10 largest law firms in the United States and one of the 20 largest in the world.
