A&O, Clifford Chance, Freshfields: We're not cutting our partnerships

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  • In other words, the magic circle are going to wait till after Xmas and do stealth layoffs!

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  • reminds me of saddam hussein's PR advisor during the Iraq war: "there is absolutely nothing wrong... we are all fine..."

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  • A&O, Clifford Chance, Freshfields: We're not cutting our partnerships.

    Yet.

    (We are too busy with stealth redundancies of associates at the moment).

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  • lol. yeah right. what's best? Being honest about the necessity of restructuring a business that is no longer geared appropriately for the market environment or getting rid of people through the back door without offering them proper compensation for their hard work and long hours. Mmmm

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  • Get with it please! The London market has swooned - firms are focussed more on other geographies. They also have large offices elsewhere to take care of those geographies. And the ones that have become large London machines will obviously have to scale back. There is incredible over-specialization (ie, people trained only to do the same work again and again) in the London market - and obviously that makes more people redundant.

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  • This is all understood. But what needs to be thought of is that Links here is not a standard. People at law firms have learned enough of crisis and they have digested this in their minds, veins and their habits. Now the podium opens - the Firms who behave greedily will go to History but Firms who say yes but - will make The History further Maybe Good-buy Links. CC and AO will go on.

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  • The demand for legal services in the City has fundamentally changed, irrespective of the risk of recession. Linklaters cannot be the only one to understand this.

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  • "over the years the corporate department has always been very tight and hasn’t grown that much. The finance practice did very well in the boom and grew quite large"- says it all, the finance practice at Links is too big and has to go, the other firms don't appear to have that problem.

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  • What about Slaughters?

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