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 [...]
Continue reading...Friday, July 3, 2009
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 [...]
Continue reading...Monday, May 18, 2009
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, [...]
Continue reading...Friday, January 23, 2009
London’s Linklaters, the world’s second largest law firm by revenue, will eliminate 70 partners and 10% of associates. The initiative is said to be called “Linklaters New World.” We’ll let that sink in for a moment. There will also be redundancies among support staff. The Magic Circle firm’s offices in Western Europe are said to be most [...]
Continue reading...Wednesday, January 21, 2009
Addleshaw Goddard, Britain’s fifteenth largest firm, is poised to lose 19 partners because of falling demand for legal services. More than a tenth of the firm’s 182 partners will be forced to leave in the next few months. Ashurst, its City rival, one of the top private equity advisers, is also understood to be in the process [...]
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Monday, July 13, 2009
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