Categories:Scotland

McGrigors to cut 40 jobs in UK-wide redundancy round

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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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