Seven jobs go at Trowers & Hamlins

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  • Seven redundancies, but how many more have been quietly let go for underperformance or disciplinary matters? The true figure paints a much more worrying picture.

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  • why would it be worrying if a firm got rid of people for disciplinary matters or under performance. It would be worrying if they didnt.

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  • Trowers have apparently been in trouble for a while - this doesn't come as a surprise. I would expect to see more from them as they continue to struggle in a tough market.

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  • It is the senior equity that has to take a long hard look at itself, it is time for a restructure to allow dead and rotten wood to leave - there are plenty of underperforming partners who are there due to performance in the years of plenty, but are now bringing in little work.

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  • @Anonymous 23-May-2013 3:21 pm

    The accounts show a slightly different story, but do not let facts get in the way.

    For all intents and purposes, the ship is fairly steady from a financial perspective, despite the recent cuts in public spending (remember that most of the firm's client base is from the public sector). However, there has been some internal restructuring / merging of departments as a consequence of a shift from regional to national teams which has (as one would expect) led to some natural wastage. Also, the recent retirement of a handful of senior equity (rainmaker) partners at pretty much the same time is clearly something that needs to be taken into consideration.

    These are not huge issues and in a firm of the size of Trowers, which is hardly a ten partner firm, seven redundancies and a handful of staff being canned due to underperformance / poor discipline is hardly a signal that the firm is on the way out. In fact, some of the departments are actually recruiting. Swings and roundabouts.

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  • Not being funny - but I can confirm that Trowers are a firm on the decline. Take it from one who knows.

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