A&L Goodbody will cut 45 jobs, and the firm’s 555 remaining staff are likely to have their pay cut by 10% later this year.
The company, whose staff are frequently involved in major corporate transactions and big legal cases before the courts, told staff yesterday that it wanted 20 voluntary redundancies from its team of 360 fee-earning solicitors.
These redundancies are being sought from all ranks in the practice.
A further 25 voluntary redundancies are being sought from the firm’s support staff – those who do not earn fees for the business.
The Dublin-based firm also has offices in London, Belfast and Boston.