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Shoosmiths posts massive profit hike despite falling turnover

Surprise surprise ... another firm reporting rise in PEP and profits despite a fall in turnover ... "Chief executive Claire Rowe said a series of cost-cutting measures were behind the boost in profits" ... what Clarie Rowe meant to say was kicking out staff in an unfair manner, and make like hell for lawyers and staff who did keep their jobs has meant that partners have been able to enjoy more take home pay! The economic crisis has seen hundreds of lawyers forced out of work, and partners seem to forgets that these lawyers are skilled workers. Lawyers unable to find jobs have had to leave the profession, and so when the market bounces back and deal flow increases where exactly do firms and partners hope to find these skilled workers to come in to work on these transactions.

14-Jul-2010

11:27 am