Herbert Smith prepares to cut up to 51 jobs, 23 in corporate

  • Print
  • Comments (19)

Readers' comments (19)

  • Should be fairly easy to negotiate a good package given that - as they've publicly announced - the reason for the 'redundancies' is to give the jobs to trainees.

    Unsuitable or offensive? Report this comment

  • A lot more will doubtless be heading out the door through "stealth" processes.
    City Law - aint it great.

    Unsuitable or offensive? Report this comment

  • Well, lets hope that they cancel the big Alumni shindig planned for tomorrow evening, and put the money back in the coffers to offer the proper payouts!!

    Unsuitable or offensive? Report this comment

  • @ Anonymous | 30-Apr-2012 12:55 pm - That sort of scummy behaviour is par for the course now, and "Silver Circle" firms are often the worst offenders.

    Unsuitable or offensive? Report this comment

  • Mr Willis, you and your fellow partners should be feeling extremely proud.

    Unsuitable or offensive? Report this comment

  • It is the bloated business support functions in these firms that needs looking at and numbers reducing (I would start with Human Remains), not the fee generators/engine rooms.

    Unsuitable or offensive? Report this comment

  • First A & O, now Herbert Smith. Very unfortunate news. The herd mentality in city law firms means that this will be repeated by other law firms. Large trainee intakes are premised on a bullish market. Currently, business does not match trainee intake levels and associate attrition remains low due to economic uncertainty. Yet firms still need a large number of trainees to provide cheap labour as associate salaries are unsustainable. The whole system is rotten.

    Unsuitable or offensive? Report this comment

  • To the poster above, I don't think it's Associates' salaries that are unsustainable - firms like HS should look at their top earners and start asking if they really are worth what they get paid. After all, who is it that does most of the leg work on the average deal in these corporate teams that seem first in line for the chop at these firms.... the Associates.
    I would challenge anyone that isn't part of the elite circle of partners earning close on a million or more a year (which may or may not apply to HS' top people) that would say those partners are worth what they are paid. Moves like this are done only so the top earners can keep taking their massively over-inflated pay packets year after year, with a little extra if the urge arises....!

    Unsuitable or offensive? Report this comment

  • How many hr people at Herbies? Shouldn't those of that ilk go first?

    Unsuitable or offensive? Report this comment

  • Once again after being assured that these huge "initiatives" can only be for the greater good of all at Herbert Smith, when are the likes of Willis and Scott going to realise that most of us with any form of intelligence had seen through their smokescreen of reassurances long ago?

    Unsuitable or offensive? Report this comment

View results 10 per page | 20 per page

Have your say

Mandatory Required Fields

Mandatory

Comments that are in breach or potential breach of our terms and conditions in particular clause 8, may not be published or, if published, may subsequently be taken down. In addition we may remove any comment where a complaint is made in respect of it. These actions are at our sole discretion.

  • Print
  • Comments (19)