Miller Canfield lays off and furloughs some lawyers
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Miller, Canfield, Paddock and Stone has laid off and furloughed some lawyers as a result of the economic slowdown caused by the COVID-19 pandemic.
Miller Canfield CEO Michael McGee told Above the Law that the law firm implemented the cost-cutting measures last month. Law.com and Law360 also had stories that cited Above the Law’s information.
McGee said Miller Canfield “was forced to implement firm-wide cost-cutting measures consistent with industry experience, including temporary furloughs and a few separations.”
Two full-time lawyers, including one associate, were among those furloughed. The layoffs included one lawyer who is a principal in the firm and six nonprincipals, including three associates.
Miller Canfield told Law.com last month that it was instituting pay cuts of 10% for income partners and 7.5% for associates and staff members. The cuts did not reduce any salaries to less than $50,000. Compensation for equity partners was also being reduced.
Miller Canfield had received a payroll protection loan from the federal government. It’s not the only firm that laid off employees despite receiving a loan. Others include Hughes Hubbard & Reed; Bremer Whyte Brown & O’Meara; and Schiff Hardin.
