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Reverse Perk Watch: McDermott ‘Sends a Message of Desperation’

McDermott logo.JPGGiven the crazy layoffs news today, a law firm cutting back on perks might seem like small beans. But with many perks, it’s not about the particular thing being offered (or taken away) it’s about what the perk says about the firm, its culture, and in some cases its financial health.

It looks like McDermott Will & Emery is taking away coffee in its Chicago office. Here’s the email from the head of the firm’s Chicago office:

These are difficult times for our business and legal communities. We, like all law firms, are looking at expenses that can be pared without diminishing the quality of the legal services that we provide to our clients.

Effective immediately, we are suspending our coffee services in the 45th floor lobby. We will, of course, continue to provide coffee and drink carts for client meetings. We will also continue to have the Flavia coffee service available on each of our attorney floors and will provide coffee to our clients in our 44th floor reception area.

We are also suspending, effective immediately, our evening food services. Lou and Walt are working on alternatives and will present those alternatives to you in the very near term..

If you have any questions, please call me.

George

Fair enough.

But after the jump, we see that other MWE partners were not all that happy with cutback.

Another partner thought that the coffee cutback sent the wrong message:

George, I know this will save some dollars but they are small dollars. For the small savings I think this is a mistake. To me it sends a message of desperation.

Regards

Unfortunately, he sent that message to the entire firm, instead of just the head of the office.

(Side Note: Shouldn’t email have a warning message when you hit “reply all.” Like, “All can be defined as ‘every member or individual component of.’ Are you sure you want to reply to ALL????”)

Many MWE people then sent the whole email thread to ATL (thanks!), but a couple of tipsters put the email in historical context:

Notice that [MWE Chairman] Harvey Freishtat is cc’ed. Harvey is undergoing increasing pressure at McDermott to resign from the chairman post due to his penny-wise pound foolish financial strategies. Although he has been at the helm a long time, rumor has it that this is his final year — he is a money-grubbing GREEDY person who is going to be responsible for the implosion of McDermott in 2009 if he is not removed immediately.

On second thought, maybe MWE attorneys have been getting too much caffeine.

McDermott has already been through layoffs and a salary freeze. Hopefully they are now more prepared to take on the challenging environment of 2009.

Earlier: Nationwide Layoff Watch: McDermott Will & Emery Cuts 60
The Next Wave of Cost Cutting: The Pay Freeze

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