Eversheds CEO: "Everything we've done has had culture at the heart"

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  • Anonymous 4.17; I work for a major investment bank that is going through a similar thing at the moment - hence my comment.
    It's not just law firms, or indeed Eversheds - redundancies and job cuts are everywhere, you just need to look at your local high street to know that. And your shop worker in jessops earns a lot less and would have received little-zero package compared to what you (I assume you are a disgruntled former employee) have done.

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  • Headhunter: an article I read earlier in the week stated:
    “People say that the firm does just second-tier work but you wouldn’t get to the level of PEP that Eversheds has if that were true, even if the firm is flattered a little by its ratio of equity to non-equity partners. It has an impressive roster of FTSE clients, too. It’s not on the bet-the-farm stuff, but it’s still a list that a lot of people would die for. It has clients such as Boeing, Du Pont, Volvo and Smiths Group, which are demanding companies and won’t put up with a firm that is not delivering.”
    Personally, I wouldn't want to say any of the above named companies weren't "big clients", and as this article states, would these guys really want to give their business to Eversheds if they were really "just pretending" as you put it. I'm sure they must be doing something right.
    Maybe have a quick check of facts before you spout off.

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  • HEADHUNTER are you 5 years old? if you actually have a job do you anonymously bitch about your bosses in this childish manner - i bet you were the schoolboy bully.
    Wake up and smell the coffee the whole country is under threat from cutbacks we are in about year 6 of a 3 year recession.

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  • I agree! So what is different about Evershed’s. Try Allen and Overy, DLA Piper, Farrars, Addleshaws , Lawrence Graham and all the other law firms who are in the same position worldwide? It’s called an economic depression. What about the ex chair of RBS or the FSA ? They all legged it. Hughes at least has the b@@@s to manage the issue and face people.

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  • It's one thing to be "reorganising" (sacking people) in order to adjust to market conditions, it's quite another to be firing a large swathe of employees every single year since 2008. The management of Eversheds need to ask themselves what is it that is so rotten at the firm that means it has to sack over 100 staff even after "restructuring" (firing 700+) owing to market conditions in 2008.

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  • Interesting how this publication was praising Eversheds not so long ago, calling Bryan Hughes "the man with a plan" and this week they are putting the boot in because of cuts that the whole industry - in fact the whole City are making!

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  • Anon: 11.15. Comparing the murder of over 1 million people to 166 people being made redundant. Really???? Not quite the same league is it. Lets get this into perspective!

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  • Eversheds is a genuinely visionary firm with a culture that even Magic Circle firms aspire to. Just because a very small percentage of their work is volume domestic conveyancing, repossessions, and debt collecting, does not mean that they do not have a global reputation.

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  • “Without going into the rights and wrongs and pointing fingers, sadly this isn’t the first or last we have seen or will see of this. Small comfort though it may be for those affected, we are seeing a few shoots of optimism in the market and increased investment in recruitment among our clients. At QC Legal, we have a strong track record of helping those affected not just find a new firm but find the right new firm. The key is to act fast. Do get in touch for advice.”

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  • Sorry, but what is this culture exactly? How is it 'visionary' (Eversheds equity partner, sorry, Anon 11.48am). And there is nothing visionary about making (good) people redundant for heavens sake! Don't insult the people that are losing their jobs (oh, this was a visionary move, part of a visionary strategy-please! Double-speak!).

    Anyway, let's see where it all goes in the end.

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