Breaking News

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

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.

  
What
Where


Via LBT.



 

RELEVANT JOBS

Senior Board Analyst

USA-CA-San Francisco

  $127,400.00 - $154,024.00 Annually Position Summary Under general direction of the S...

Apply now

General Counsel

USA-CA-West Hills

General Counsel / Vice President Company Profile: Electro Rent is a leading global provider o...

Apply now

Litigation Director

USA-NC-Asheville

Litigation Director Hybrid remote work schedule: 3 days in office/field and 2 days remote Base o...

Apply now

PART-TIME PARALEGAL ---- WORK FROM HOME

USA-CA-San Jose

Seeking part-time paralegal to WORK FROM HOME for approximately 15 - 20 hours/week with reasonable f...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Education Law Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with ...

Apply Now

Education Law Attorney

USA-CA-Carlsbad

Carlsbad office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with 4-...

Apply Now

Education Law and Public Entity Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law and public ent...

Apply Now

SEARCH IN ARCHIVE

To Top