Bloomberg Law: "McDermott Will & Schulte has let go of more than a dozen associates nearly a year after it completed its merger, say people familiar with the situation...
The people said that the reasons the impacted associates were given were low hours and not enough work in their respective practice groups. The firm has not communicated widely with staff regarding the layoffs, the people said...
The people said that upper management from Schulte told its associates multiple times during the merger process that there were layoff protections within the merger agreement and there would be no layoffs before 2027 without a panel of Schulte partners’ prior approval."
First taking PE investment advice from the managing partner's son, now laying off associates right before summers come in...couldn't even do a slow trickle of stealth layoffs like every other firm...that firm is a joke.