Linklaters to axe up to ten per cent of partnership in new restructuring

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  • to "Anonymous 9-Dec-2011 4:14pm"

    or, you could not bother at all, enter a profession you could enjoy, work reasonable hours and be a success in your life outside of the workplace... just a thought...

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  • In Newcastle, we can't understand the logic of Linklaters.

    Surely everyone (including the caretaker, every assistant and every associate) should be made redundant before even a single partner is asked to leave?

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  • The deal was always that you spent 8 years or so sacrificing everything for the partnership offer. When the offer came, there was a justification for the tough years and recognition plus financial security for the rest of your working life. That deal has gone now and I have difficulty in seeing why people are still prepared to put themselves through all that any more.

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  • The deal?
    For centuries, the legal profession brought people into equity after about three years (although it took a lot longer to qualify).
    In the mid-1990s, the mindset changed and partners realised they could pull the ladder up after themselves and make big profits.
    Since then there hasn't been a deal. Making Partner just gets you onto a bigger and faster moving hamster wheel.

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