BLP to cut 58 legal staff in massive salary reduction drive

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Readers' comments (29)

  • Sad news. Really feel for all those affected! I had hoped we'd seen the back of these large scale redundancies

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  • Are the partners going to take some hit in their PEP, then?

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  • Bilbo, the rumours are that PEP will be decimated this year and will probably end up at around 50% of last year's figure.

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  • First, partner draws cut/withheld, now this. Their policy of bringing in (supposedly) big hitting magic circle partners on big guarantees suggests they didnt deliver the goods. Cant fire them because still on guarantees. So hit the associates - nice! Wheels are coming off. All the hype, law firm of the year, etc etc. Perhaps the commenters/award dolers need to be more circumspect. Let's hope this isnt going the way of Dewey.

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  • Reducing costs and streamlining in preparation for anything perhaps?

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  • Bilbo, it really isn't in the culture of BLP for the partners to take a cut in PEP. The model is:

    1. Sweat the Associates when there is work;
    2. Complain that they aren't working hard enough when there isn't enough work;
    3. Fail to recognise that is their job to bring in the work.

    There are some SEPs sitting in departments who have bought in next to no work over a number of years and still complain the the associates are paid too much. These guys will probably survive the cull. Says it all really. Lovely firm.

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  • 14-May-2013 1:38 pm

    This is the major flaw is the "Field of Dreams" business plan as employed by BLP

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  • Word on the street is that there is more to follow.....

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  • BLP seems to have managed to defy gravity and to avoid negative press coverage for the last few years. I could never work out how or why.

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  • I suppose if they get rid of enough people they can rid of those other offices round the back and have everybody under one roof. Another cost saving. Next step virtual lawyers......hang on a minute haven't they tried this.....

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