Breaking News

Update: Allen & Overy to Cut 450 Jobs
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

Last week we reported that Allen & Overy, the UK’s fourth-biggest law firm by revenue, would cut as many as 150 lawyers, sever ties with its private client team, and freeze pay.

Now Legal Brief Today reports that Allen & Overy will cut 450 jobs at a cost of £44 million ($64 million).

The ‘magic circle’ firm told staff it would reduce the headcount by 9% by the end of its financial year on 30 April. That means 47 partners and almost 200 rank-and-file fee-earners will lose their jobs, roughly half of them in London, with a similar number of support staff going, says a report in The Times. It adds that a further 35 partners will be forced to accept a reduced share of equity. Remaining partners will be asked to inject an average of £30 000 to raise the firm’s working capital by £11m.


Via LBT.


Interesting Legal Sites You May Like




Search Now

Defense Law Attorney with 5+ years of litigation experience


Seattle office of our client seeks defense law attorney with 5+ years of litigation experience, spec...

Apply Now

Product Liability/Toxic Tort Attorney with 3-5 years of experience

USA-CA-San Francisco

San Francisco office of our client seeks product liability/toxic tort litigation attorney with 3-5 y...

Apply Now

Entertainment Attorney with 4-7 years of new media experience

USA-NY-New York City

New York City office of our client seeks entertainment attorney with 4-7 years of legal experience. ...

Apply Now

Litigation Attorney with 3-5 years of employment discrimination experience


Melville office of our client seeks litigation attorney with 3-5 years of experience. The candidate ...

Apply Now


Public Law Associate Attorney (General Municipal Law, Real Estate, Transactions)

USA-CA-San Rafael

Burke, Williams & Sorensen, LLP is seeking a skilled and motivated associate attorney with 1 to 3 ye...

Apply now

Corporate / Commercial Attorney | Lebanon, NH


Downs Rachlin Martin PLLC seeks an experienced corporate / commercial attorney to join its Lebanon o...

Apply now

Business Law Junior Associate | Burlington, VT


Downs Rachlin Martin seeks associate attorney with 1-3 years of experience to join its Commercial an...

Apply now

Business Law Associate | Burlington


Downs Rachlin Martin is seeking an attorney with 4 to 8 years of experience to join its very busy pr...

Apply now

Most Popular


To Top