Schulte Roth & Zabel Latest To Reduce Staff

Law360, New York (September 13, 2013, 6:26 PM EDT) -- A stream of BigLaw staff reductions this year continues with voluntary secretary buyouts at Schulte Roth & Zabel LLP, the firm confirmed Friday.

The financial service-focused firm in recent days offered its legal secretary staff the option to accept a buyout package, according to executive committee chairman Alan Waldenberg. The partnership is looking for a reduction of between 20 and 30 people. 

The buyout package is robust: A lump-sum payment of $10,000, plus the equivalent of a week's pay for every year of service. Those who accept...
To view the full article, register now.