Leading food supplier Archer Daniels Midland (ADM) recently announced its intention to offer early retirement packages and make some modest adjustments to its workforce by June 30. I think it is unlikely that ADM’s legal department will shrink, and I have no inside information on whether any existing in-house attorneys are taking early retirement.
ADM is a strong, financially healthy company, and this is a reminder that reductions-in-force occur routinely in all macro-economic environments. The rest of this column is not about ADM, but rather the chord this news struck with me. It prompts me to offer advice that I have offered to many attorneys directly over the years.
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