The redundancies are being characterized as voluntary, and will affect 100 lawyers and staff. Some lawyers will be offered more than one year’s pay.
The offers are to include a payment based on years of service, an additional stipend, and outplacement.
Founded in 1832, Mallesons Stephen Jaques is a commercial law firm that operates in the Asia-Pacific region. In Australia, and throughout the Asia-Pacific region generally, it is considered one of the top commercial law firms. It has offices in Sydney, Melbourne, Perth, Brisbane, Canberra, Hong Kong, Beijing, London, Shanghai and Papua New Guinea.