Schiff Hardin LLP has cut down on extra expenses by taking action, while avoiding job cuts.  The firm announced that it is canceling various company gatherings, such as holiday parties and picnics.  Schiff has enacted an early retirement program, as and has also cancelled health benefits.  This is all done in an effort to stay afloat during these economic hard times while minimizing layoffs or denying them all together.  

Source:  www.chicagobusiness.com