Herbert Smith, which announced in April a redundancy consultation at its London HQ, targeting 84 positions, will not need to lay anyone off after all, after 84 staff members signed on for voluntary redundancy or alternative working arrangements.
The firm offered staffers 3.5 weeks salary per year of service to leave the firm.
Herbert Smith was founded in the City of London in 1882 by Norman Herbert Smith, and today has 230 partners and 1,200 fee-earners. It is widely considered to be the UK’s leading litigation practice.
Posted by Erik Even
on May 30, 2009. Filed under Home,Law Firm News,Legal News.
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Anonymous
May 30, 2009 at 11:34 pm
sam: The 84 employees selected for voluntary redundancy were really great as they made a decision which benefitted both the organization as well as themselves. By doing this they don’t fear to loose their jobs but now have much more scope for expansion as they can offer consultancy services to other organizations as well.
sam, eincome@in.com