Analysis Focus: Travers Smith, Solo empowered By The Lawyer 3 April 2011 00:00 17 December 2015 15:09 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Anon 5 April 2011 at 14:37 With a 17 per cent decline in lawyer headcount between 2008-09 and 2009-10 it’s clear that loyalty is something of a one-way street at Travers Smith. The whole ‘we don’t care about money’ tone is more than a little offensive to those who lost their jobs purely to keep profit margins very high. Reply Link Anon 6 April 2011 at 13:15 @Anon | 5-Apr-2011 2:37 pm – It’s likely to have been more like 20%, as in virtually all City firms considerably more trainees qualify each year than associates retire, and it is unlikely that there were zero lateral hires. Either way it’s very clear that there were a large number of stealth redundancies at Travers Smith, since the number of formally declared staff reductions was tiny. Reply Link Andrew 7 April 2011 at 11:17 Im not sure which is worse, pushing out around one in five staff in less than a year or then afterwards claiming not to be purely money-driven. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.