Addleshaw Goddard, which cut 19 partners in February and 85 staff in March, saw a 30.8% plummet in partner profits in fiscal 2008; and turnover fell 11.4% to £173.3 million ($285.5 million).
Profits per equity partner nosedived from £586,000 ($958,000) to £405,000 ($663,000).
The firm is considering reduced work hours and unpaid sabbaticals. There is already a salary freeze in effect.
Addleshaw Goddard LLP is a UK law firm, with almost 750 lawyers and 1,350 staff, based in Leeds, London and Manchester. It was formed in 2003 by the merger of Addleshaw Booth & Co with Theodore Goddard.
According to The Lawyer, a UK legal newspaper, Addleshaw Goddard was ranked 15th largest law firm in the UK by turnover in 2006.
Posted by Erik Even
on July 3, 2009. Filed under Home,Law Firm News,Legal News,World News.
You can follow any responses to this entry through the RSS 2.0.
You can leave a response or trackback to this entry
 |
||
| Search Thousands of Legal Jobs | ||
|
Job Type: |
||
 |
||
|
Browse Jobs by Location: |
||
|
||
| Keyword Search: | ||
|
||
Recent comments