Friday, January 25, 2013

Butzel Long seeks government relief for underfunded pension plan

In a rare move for a law firm, 140-attorney Butzel Long has asked a federal agency to take over its pension plan due to a major shortfall in funding. The Detroit-based firm, which focuses heavily on the automotive and aerospace industries, has lost about 100 lawyers since 2009. Its pension plan has about 450 participants, 350 of whom are no longer with the firm, according to the firm's president.

Source: http://www.law.com/jsp/law/sign_me_in.jsp?article=http://www.law.com/jsp/nlj/PubArticleNLJ.jsp?id=1202585675731&rss=newswire

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