Manchester, UK’s Halliwells, which in March launched a redundancy consultation targeting 30, is cutting attorneys’ working hours, but not adjusting its billable hours requirements. The firm is putting three quarters of its fee earners on a four-day week, with a commensurate 15% pay cut. But the firm is keeping billable hours targets unchanged, meaning attorneys must work [...]
Continue reading...Monday, July 13, 2009
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...Saturday, June 13, 2009
Cheltenham, UK commercial law firm BPE Solicitors has ended its reduced-hours scheme after eight months, saying the economy is picking up. In October, staff at the firm voted to work a four-day week to prevent redundancies. The firm recently sold its Birmingham office to international law firm Irwin Mitchell. BPE Solicitors is recognized for its expertise in corporate [...]
Continue reading...Saturday, June 13, 2009
Pinsent Masons is holding a redundancy consultation. It has not announced how many positions have been targeted. The firm employs almost 1,000 lawyers globally, including 275 partners; and 1,600 staff. Pinsent Masons also plans to implement part-time working arrangements and sabbaticals, and a pay freeze. Pinsent Masons LLP is a full-service commercial law firm. The firm ranked amongst [...]
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...Wednesday, May 13, 2009
In February we reported that DLA Piper had launched a second layoff consultation, with up to 140 jobs under threat. Today the firm completed the consultation, laying off 24 lawyers and 100 support staff across its UK offices. Some staff chose reduced working hours or lower pay to save jobs. In February, DLA Piper cut 80 associates and [...]
Continue reading...Tuesday, March 17, 2009
The Project for Attorney Retention says reducing associate working hours will save a firm more money than cutting associate positions. PAR is an initiative of the Center of WorkLife Law at the University of California Hastings College of the Law in San Francisco, and advocates for reduced hours as a way for law firms to retain [...]
Continue reading...Tuesday, March 3, 2009
Over 100 employees at one of York, UK’s largest law firms have gone on a four-day week, to save money in the economic meltdown. Solicitors and administrators are among the members of staff at Harrowells affected by the move, which started yesterday. Partner John Yeomans stressed not all areas of the firm, which employs about 130 people, [...]
Continue reading...Monday, March 2, 2009
Biglaw firm Ashurst is cutting staff hours. The firm has invited staff to take up to fifteen days unpaid leave, or work a four day week. A spokesperson for the firm said “in common with many other law firms, we have offered staff the option of taking sabbaticals or working shorter hours”. The firm said the plan was [...]
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Friday, July 24, 2009
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