The UK’s Allen & Overy announced in February a plan to lay off 450 jobs in a redundancy consultation.
Well, today’s the day.
Allen & Overy own Black Thursday sees 47 equity partners, 200 associates, and 200 support staff shown the door. Half the cuts will affect the London HQ. There as also been an undisclosed number of voluntary redundancies.
Another 35 partners have been demoted from equity status.
Founded in 1930, Allen & Overy had approximately 5,500 staff in 31 offices worldwide. It is part of the Magic Circle of London-based law firms.
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