JD Journal » addleshaw goddard llp

Addleshaw Goddard Offers Reduced Hours, Sabbaticals

Erik Even — Mon, 13 Jul 2009 16:55:33 +0000

Addleshaw Goddard, which laid off 19 partners in February and 85 staff in May, has approved new measures to save money on compensation.

Some attorneys will work a four-day week and earn 85% of their normal pay.

The firm is also offering sabbaticals, or extended time off at 30% salary. Salaries have been frozen until 2010.

Addleshaw Goddard has also announced is is keeping on only 75% of its incoming associates, or 33 new lawyers.

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.

Addleshaw Goddard Reports 30% Drop in PPP

Erik Even — Fri, 03 Jul 2009 16:38:20 +0000

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.

According to The Lawyer, a UK legal newspaper, Addleshaw Goddard was ranked 15th largest law firm in the UK by turnover in 2006.

Addleshaw Lays Off 85 Staff

Erik Even — Mon, 18 May 2009 19:42:27 +0000

Addleshaw Goddard, one of Britain’s largest firms, which announced in February it would cut 19 partners, has now announced the redundancies of 85 staff positions.

The layoffs target the firm’s Manchester office, and affect the business services division, including business development, human resources, information technology, finance, and secretarial.

No lawyers are being let go at this time, but the firm is instituting a salary freeze, and cutting pay for trainees. Addleshaw is also considering cutting hours.

According to The Lawyer, a UK legal newspaper, Addleshaw Goddard was ranked 15th largest law firm in the UK by turnover in 2006.