Laid off, no severance — looking for advice
I was laid off from an IB role in Chicago a few weeks ago, about two months before bonus season, with no severance. The firm cited performance, but I don’t have written documentation to support or refute that claim.
I don’t believe there’s any realistic chance of recovering a bonus, but I’m wondering if it’s worth hiring an employment attorney to pursue severance.
For those who’ve been through this:
- How many months of severance is typical? (I worked there ~10 months)
- Was hiring a lawyer worth it?
- Typical hourly rate vs. contingency (% of claim) in Chicago?
- Any Chicago employment attorney recommendations?
- Should I apply for unemployment, or can that hurt me later?
Appreciate any insight.
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