Addleshaws to cut 40 jobs after 17 per cent profit drop

  • Print
  • Comments (14)

Readers' comments (14)

  • Anonyomous - you are completely on the money. A 17% drop in profits, coupled with the northern partners rebelling and forcing management to abandon important reforms on remuneration suggests a firm at a crossroads. Of course, Devitt and Burch have been awfully naive: turkeys do not vote for Christmas, and Addleshaws have too many under-performing equity partners who want to maintain their lifestyles without working for it. It will be very interesting to see how the firm does this year, and whether they can keep their star performers on the back of these results. Watch this space...

    Unsuitable or offensive? Report this comment

  • As someone who practised in Dubai for several years, I can tell you that for Addleshaw Goddard to open there is madness.

    Unsuitable or offensive? Report this comment

  • Because £34.4m profit is not good at all is it?!
    Show the company are looking out for the big guys at the top. Not the people that have given everything to the company for years. They don't seem to matter now?
    If it wasn't for people at the so called "bottom" the company wouldn't be as succesful as it is.
    Like everyone has said, opening in Dubai is not a wise move in the current climate. So, in another 6 months time is it going to be yet more redundancies for the people that are the actual structure of AG and got the company to where it is today?
    Shooting themselves in the foot much?

    Unsuitable or offensive? Report this comment

  • There was a time when it's staff felt proud to work at AG and used to love working here. I don't know any non fee earner that still feels that way any more. The old AG values are long gone and in their drive to push profits higher and higher over the last few years, they've managed to alienate and demotivate their support staff to the point that redundancy is now a welcome relief to many. It's no surprise that AG no longer makes it into The Times' 100 best places to work list any more and very much a sign of the times (pardon the pun) here at AG.

    Unsuitable or offensive? Report this comment

View results 10 per page | 20 per page

Have your say

Mandatory Required Fields

Mandatory

Comments that are in breach or potential breach of our terms and conditions in particular clause 8, may not be published or, if published, may subsequently be taken down. In addition we may remove any comment where a complaint is made in respect of it. These actions are at our sole discretion.

  • Print
  • Comments (14)