Despite seeing its best financial results ever, UK law firm DWF has frozen pay and canceled bonuses. The firm was skewered online in December, when it announced it would spend £5 a head ($7.74) on its Christmas party. If you have any details about the state of things at DWF, please send us a confidential tip! DWF LLP [...]
Continue reading...Monday, April 20, 2009
Herbert Smith announced today it has begun a redundancy consultation at its London HQ, targeting 84 positions. The redundancies target 24 fee earners and professional support lawyers in the corporate practice; 9 fee earners and PSLs in real estate; nine paralegals and 42 support staff. Herbert Smith also announced that it is freezing pay for all London [...]
Continue reading...Saturday, April 18, 2009
Allens Arthur Robinson will institute pay freezes July 1st, and is offering up to one year’s pay to lawyers who take voluntary redundancies. The amount paid out for those who choose to leave will depend on seniority and years with the firm. Allens also plans to shuffle remaining lawyers between practices. The firm has no plans for involuntary [...]
Continue reading...Friday, April 3, 2009
In February we reported that Lovells had launched a redundancy consultation that could see up to 94 London staff lose their jobs. Well, the numbers are in. The London-based firm’s redundancy consultation ended today with 79 legal and support staff being laid off. Also, the firm announced that all salaries will be frozen at 2008 levels. Eighteen lawyers [...]
Continue reading...Thursday, February 19, 2009
Allen & Overy, the UK’s fourth-biggest law firm by revenue, will cut as many as 150 lawyers, sever ties with its private client team, and freeze pay. The cuts include 47 partners, or 9% of its total. Another 37 partners will be “subject to equity adjustments” in response to market conditions. The firm’s private client team will [...]
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Tuesday, May 19, 2009
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