BCG News – 02/11/09
Hogan & Hartson to Buy Out Up to 300 Staff
Hogan & Hartson 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.