McDermott Will & Emery, which last week cut pay for its summer associates, announced today it has laid off 25 associates and 47 staff.
Some first year associates were cut, but are being offered a public service fellowship. The amount of the stipend was not disclosed.
In March the firm froze associate salaries; in February, McDermott laid off 60 associates and 89 staff.
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.