Faegre Drinker, a Biglaw firm ranked 55 on the Am Law 100, with $991,262,000 in gross revenue last year, laid off employees in their operations department. The positions were eliminated effective earlier this year, on February 9th. The firm handed out a severance package for those laid off.
The firm provided the following statement on the cuts:
Faegre Drinker eliminated a small number of support roles effective February 9, 2024, representing less than 5% of our total operations and administrative headcount. No attorney or consulting professional roles were impacted. The firm offered generous separation packages to support individuals as they transitioned from the firm.
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UPDATE: An earlier version of the article did not clarify the staff layoffs were effective earlier this year.
Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter @Kathryn1 or Mastodon @[email protected].