The law firm is offering the voluntary retirement programme to an estimated 400 employees working for the company for at least five years. Hogan Lovells is anticipating a takeup of between five and ten per cent for the enhanced package which it emphasised was voluntary. The firm said in a statement that it was a response to requests from staff for an early retirement programme and would offer enhanced terms to leavers. It would also enable the firm to review business service roles in the US and globally to ensure they were aligned to the future needs of the firm.
Earlier this week, the firm announced a strategic review of its London operations to transfer or remove 90 jobs in the capital, either to Johannesburg or Birmingham. Last year, Hogan Lovells launched a $9m global business services centre in Louisville, Kentucky.The centre deals with a number of backoffice functions.