Ashurst issues ultimatum to plateau partners

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Readers' comments (18)

  • Where does it end?
    You climb the greasy pole. Then you're told there is an new, even more greasy pole above that.

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  • This firm keeps getting such bad press. It is off-putting.

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  • how the mighty are starting to fall - tough at the top chaps ! That firm once had a great name .... once ....

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  • I don't work at Ashurst but not sure I understand how commentators can cite this article as evidence that "the mighty are starting to fall" and of "bad press"...

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  • @10:19am - you can slack off and take a break when you're dead.

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  • What's the problem here? Of course plateau partners should keep their game up and its worth reminding them, especially if lower level partners are constantly reminded about their profitability and requirements to progress up the ladder. Where is the business sense in distributing maximum level of profits to someone who is not bringing in the money (or running the firm)?

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  • Hardly a surprise, few firms have as much dead wood at the top of the partnership as Ashurst.

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  • anonymous at 12:44 - couldn't agree more, well said.

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  • It is bad press because someone senior must have leaked the email to the legal press- which reveals a divided partnership. And that is never great.

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  • there is clearly pressure at all levels here and the number of announced exits and upcoming exits illustrate this well - this was once a firm dominant in many of the upper mid\large transactions - now one rarely hears their name mentioned .... and as for any strategy on expansion - I see none

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  • "announced exits and upcoming exits", eh? Who's leaving now?

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  • Ashurst needs a number of further large mergers, and a drastic overhaul of its bloated partnership, in order to remain a credible force.

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  • Seems that a lot of the dead wood has already been cut out.
    Given the amount that top of equity are paid, surely expecting high standards is a given?

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  • it is called snakes and ladders ...

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  • "We've always had a managed lockstep"...mmm, not sure about that....

    "Voting" (ever seen sheep vote?) in March 2012 for remuneration period ending April 2012...mmm.....

    "No one guaranteed to stay on 65 points"....mmm, reckon I'll be ok tho!

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  • It is disasterous PR given the spate of Partner exits over the last two years. Ashurst used to be a quality, prestigious firm in the market place. Since the change of leadership to Geffin the firm has become corporate in its focus and this new approach has destroyed a very collegiate firm not only at partner level but also at the lower ranks. Its a great shame and one that I find suprising nobody is willing to fight to change - the beginning of the end? I do not think so however I would think twice about joining this firm now.

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  • Clearly a partnership fraught with power play,realityvests
    a once great firm brought down by internal politics,,,will crash out in international expansion

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  • What - is no trainee going to pretend to be a General Counsel of a major client and post a comment expressing concern about this? Traditions on these comment boards are starting to founder...

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