Eversheds to cull 166 jobs across the UK and Asia as new strategy takes hold

  • Print
  • Comments (24)

Readers' comments (24)

  • I think this is just the start of another wave of big scale redundancies in big international firms. 2009 all over again!

    Unsuitable or offensive? Report this comment

  • Impeccable timing with The Lawyer's front page feature this week. Maybe Bryan is reaching for a clutch of P45s in the picture?

    Unsuitable or offensive? Report this comment

  • Not about cats, didn't read.

    Unsuitable or offensive? Report this comment

  • seems in line with the rest of the industry

    Unsuitable or offensive? Report this comment

  • I heard good package though !!!

    Unsuitable or offensive? Report this comment

  • Most of the people I talk to in law firms (senior and junior) seem upbeat about their firms and business generally, certainly when compared to the last few years. This seems to be at odds with all these redundancy stories. Why the disconnect?

    Unsuitable or offensive? Report this comment

  • A difficult day at Eversheds, however in the long run this will make the firm stronger.

    Unsuitable or offensive? Report this comment

  • This latest batch of redundancies sits very uncomfortably with the fact that PEP increased by over 10% (£50k) just a few months ago. Eversheds are clearly not struggling and this latest move seems yet another stunt to line the pockets of those who already earn unjustified amounts for the actual amount of work they do!

    Unsuitable or offensive? Report this comment

  • @1:20pm
    Easy, the people you are talking to are focused on chargeable hours/workload. Redundancy decisions are being made by people focused on profit. There’s a lot of downward fee pressure and just because people are busy, it doesn’t mean that the income reflects that to a level satisfactory to the equity partners calling the shots.

    Unsuitable or offensive? Report this comment

  • The interview with Hughes earlier this week mentions PEP was up last financial year and profits per lawyer have doubled since 2004. So this frankly smacks of pure greed and protectionism of partner's profits at the expense of the rest of the firm.

    Unsuitable or offensive? Report this comment

View results 10 per page | 20 per page | 50 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Comments that are in breach or potential breach of our terms and conditions in particular clause 8, may not be published or, if published, may subsequently be taken down.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 (24)