London’s Hammonds LLP saw profits per equity partner fall to £276,000 ($446,000) for the recently ended fiscal year. The firm laid off 77 staffers and cut 20 partners in February. Hammonds LLP is an international law firm with UK offices in London, Birmingham, Manchester, and Leeds. Overseas offices are situated in Brussels, Paris, Berlin, Munich, Madrid, Hong [...]
Continue reading...Friday, February 27, 2009
London’s Hammonds LLP is set to cut about 10% of its partnership. The top 50 UK law firm is cutting up to 20 partners from its fixed share and equity ranks. Some partners will also be affected by a de-equitization program in an attempt to deal with underperformance, especially at the top of the partnership. The cuts, affecting [...]
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Friday, July 10, 2009
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