Categories:Scotland

McGrigors to cut 40 jobs in UK-wide redundancy round

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  • @ 9:36 "its worth noting that the firms seem to have done everything they could over a 2 year period to avoid having to make this kind of step - pay freezes, unpaid leave etc."
    "etc" - it covers many things but not, in this case, profits. Whilst profits may be down at most firms lets not forget that partners are still trousering well above average income so more could have been done (if they'd really wanted to).
    Look at Dragon's Den (for example), entreprenuers pay themselves peanuts to get businesses running through difficult patches yet partners nevertheless strip out substantial drawings even if it is supported by bank debt.

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  • "Scottish law firm", "Edingburgh headquartered", these types of terms are being bandied about in the legal press when reporting on the redundancies. Good to see that the recent re-brand the firm under went has been such a success. Be good to know how much that ridiculous project cost and what benefit its actually had other than irritating email recipients when they get a big coloured 'M's clogging up their inboxes.

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  • @Dell- correct. Despite the staff taking a period of unpaid leave and generally taking the pain of the recession, the partners were still taking home 250-300k or thereabouts. Obviously D&W partners taking home 300k plus this year was the straw that broke the camels back. Got to keep up with the Joneses!

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  • McGrigors has done itself no favours with its previous policy of offering jobs to all qualifying trainees. There are some shockingly bad NQ-4 years qualified people working there - on occasion I have wondered how some of them even got through university. Lets hope for the sake of all the capable fee earners that it is the useless few who are made redundant.

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  • Interesting they are coming out and calling it a redundancy programme this time. Plenty of people have mysteriously disappeared over the last year or 2 for various reasons (absolutely not redundancy, no, never that) and yes that includes a few partners. But overdrafts are overdrafts and their accounts show it's a biggie. V arrogant organisation.

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  • They merged with L'Estraneg and Brett but instead of doing what any sensible firm would do and moving everyone to one of the, many, sizeable offices sitting empty in Belfast they kept the two. Can't imagine the upkeep in either is cheap given their locations.

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  • The place is in disarray. Big overheads, big overdraft and big egos. I'm still working there but just started looking elsewhere. We picked up a few fat cats in Manchester and Belfast in the last 12 months through "strategic opportunities" but integration hasn't been that smooth with everyone jostling for positions and many partners on power trips....

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  • A lot of complaining about the partners.
    Solicitors are cash machines for their firms. They always have been and always will be.
    The problem with solicitors is that they think if they work really hard and put in lots of extra hours for free then they will be recognised and rewarded.
    In reality they are just mugs playing the game.
    If the work is not there, then there is no need for you. Simple. Firms owe you nothing except the salary they agree to pay.

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  • As a former employee at McGrigors I am sad to see this news. Not once in my 5+ years there did I ever see the big egos or arrogance that some people are posting about - quite the opposite. Perhaps in the last few years things have changed but there are still a lot of good people there and people I consider my friends.
    Best of luck to all at McGrigors

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  • I hope the "Dickinson Dees model" (ditch everyone except under-performing partners) isn't being followed. The A&O model (share the pain) seems to be much more successful.

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  • McGrigs have had a "grow at any cost" approach for the last few years - taking L&B in Belfast, Leds office in Aberdeen, and loads of ex-Halliwells/Hammonds people in manchester. However those types of add-ons should effectively pay for themselves as they're already revenue generating (albeit possibly at slightly lower rates now in the current market).
    The problem for McGrigs is the same as for every other firm - less work going around, at lower rates, but with the same number of salaries to pay. Real Estate and Construction especially.
    There are some cracking partners and people there who bring in some significant work, but at the bottom end of their partnership (where equity is a max of c.£150,000) to be honest they're not really any better/worse than anyone else, in that they'll feel the pinch of market conditions like everyone else.
    What firm HASN'T made redundancies in the last 2 years?

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  • Being ex-McGrigors, this is sad for me to see. Some of the partners and associates are extremely talented, but there is no doubt the ratio of partners/associates is incorrect and something had to give.
    Good luck to the 40 under consultation.

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  • "huge mistakes made by management"
    Was one of those mistakes not putting you into a position of responsibility?
    If you could do better why not go and set up your own firm and in doing so understand the tough decisions that have to be made by "management."

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  • What was the criteria for "The Lawyer - Regional/National Firm of the Year"?

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  • "The partners own the business, and got there by hard graft, so they get to fire people. "
    Well, not quite. Lots of people graft; those who demonstrate they can contribute to the business get to own it. Thing is, it's easy to contribute to the business when there's 5 clients chasing every lawyer. Not so easy when there's 5 lawyers chasing every client.
    Law prides itself on being a profession. The professional thing is to step down. Sacking those not to blame for your own shortcomings may be business practice. But we're meant to be above that.

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  • Anonymous@2:43pm. You mention the A&O model. They cold-bloodedly culled 9% of their total workforce. Did you mean to say Norton Rose? That firm behaved remarkably well and deserve to be rewarded through greater staff loyalty for many years to come.

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  • There is little the Partners in the firm (or any other firm) can do about the general economic environment. There are plenty of jobs available for lawyers so, instead of complaining, those affected should just get out and look for a new role. No one owes you a living. You need to go and earn it.

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  • I've been with McGrigors for a few years. I will miss the cut ....this time. Internally its being badly handled. Its like a funeral in the office. We apparently merged with L'Estrange to improve the Belfast offering and the topline. But the revenue in Belfast is rubbish and the partners there don't see eye to eye. But thats a whole other story... The jury is still out on Manchester and London should be cut adrift. I have lost confidence in the management team, as have the majority of people sitting close to me. (ps .. I hear the office in the Falklands is going ok...)

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  • Talking of Dickinson Dees, word on the street is that they're ordering in 30 new cardboard boxes for the end of this month.

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  • As an ex-mcgrigors person, I have to say I dont agree with the negative comments on here. Mcgs was a great firm to work for and generally they treat their staff very well in comparison to many other firms in the market. best of luck to the current staff.

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