Analysis UK Honesty’s the best redundancy policy By The Lawyer 29 September 2008 09:04 13 December 2015 22:21 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 30 September 2008 at 12:19 Are you sure honesty is the best policy here? This is a bit like saying a recession is a good and cathartic thing… For those who were given their marching orders in performance reviews at the start of this year they have had time to find another job, and without the stigma of redundancy hanging over them (after all, you don’t make good people redundant). Now the market has tanked and there are no jobs to be had. So being made redundant now might sound ‘fairer’ but is likely to result in a much worse outcome for the indvidual. I know which I’d prefer! Reply Link Justin Ellis, iLaw 1 October 2008 at 18:38 Preserving profits drives the redundancy policy The big difference is that there is much more pressure now on the management of law firms to preserve profitability by whatever means they can. In a down-turn, the first to go must be the most expensive liabilities – the staff. In the “good old days” big firms were less profit-driven and were prepared to hang on to their staff having made the investment of training them. Of course, these redundancies will cost the firms double when they have to go out and hire again in a year’s time. Another factor is the way the legal market works – if lawyers didn’t expect 90-100% of their earnings to come from salary, they would represent a much lower risk to firms. Reply Link Christopher Gough 3 October 2008 at 08:01 Honesty’s the best redundancy policy Beginning an article about redundancies in the legal profession with a bald statement that exactly 569 people have been made redundant to date displays naivety and insensitivity in the extreme. There are something like 9,500 odd firms of solicitors in England and Wales and you think that only 569 people have been made redundant? Perish the thought that you should have to think about people that work in a high street, or even, horror of horrors, unqualified lawyers and paralegals. I suggest that you either ‘get real’ and do some sensible research or rename your publication ‘The Silver Circle Lawyer’ and be honest about whom you want to actually read it. Reply Link anon 3 October 2008 at 11:53 Missing the point Christopher Gough? The Lawyer produces the UK200 each year as this is it’s target market Christopher. The Lawyer is perfectly within it’s rights to review redundancies in the top 200 firms on this basis therefore surely? Your comments seem to be wide of the mark. Perhaps the Gazette would be more appropriate reading material for the high street practice news? Reply Link Anonymous 20 June 2009 at 07:22 Are you sure honesty is the best policy here? personal injury lawyer–personal injury lawyer Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.