As a result of the current economic downturn, scores of law firms have been forced to lay off large numbers of both legal and administrative employees.
Partial Plan Terminations
Management teams should be aware that reductions in workforce ("RIFs"), while seemingly cost-cutting in nature, can actually yield the opposite result, and can cause unintended and costly consequences with respect to a firm's tax-qualified employee benefit plan.
By
Marcia S. WagnerThis premium content is locked for LawJournalNewsletters subscribers only
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