A&O confirms up to 155 London layoffs ahead of Belfast launch

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  • @Welcome to The Free Market | 6-May-2011 9:52 am

    90% of the work A&O lawyers they do is commoditized work – Finance / Corporate etc is just cut and paste and precedent based so the logical step would be, looking down the line in 5 or 6 years, to cut virtually all their associates and have paralegals do the work (in Ireland no doubt) – as most of the work done in finance / corporate a 14 year old could do. UK technical legal work would be done done in London (i.e. real “advice” work) and then they would rent the rest of their London office space out. A&O is a commoditized legal factory if you like – at some point they will structure themselves to reflect that – that is if they really want to give the client a good deal. Why clients pay associates £300 an hour for work that someone barely out of puberty could do is beyond me.

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  • I might be mistaken but did A&O not say that no jobs would lost due to the new sausage factory opening up?

    On a related note, does anyone know how the new HS sausage factory's going?

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  • GREED.

    Sadly the predominant characteristic at all City firms, not just Allen & Overy.

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  • Of course it's largely precedent based, Kim. Clients don't want (and won't pay for) you to draft free-hand. What they want (and pay for) is that you don't stuff it up. That's why big clients use expensive firms.

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  • Clients don't pay for A+O not to stuff it up, they pay A+O so that if it is stuffed up the person hiring a 'brand' won't be fired. That is the scam.
    As to quality, I once heard an A+O partner (and still a partner) from CEE claim (in front ofnhis client) that there was a robust m+a practice in CEE before 1989. Duh.

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