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Linklaters to axe up to ten per cent of partnership in new restructuring

This is surely the biggest sign yet that the profession is being sucked back into recession. There have long been predictions that the profession would have to shrink to be more efficient, many believed this would be led by the collapse of the high street but the recession has meant that everyone is having to 'share the pain'. Rather than cutting jobs to save the livelihoods of the elite few, perhaps those at the top might consider taking a slight paycut? I mean, doesn't it say on The Lawyer that Links paid its highest earning partner £2.2m last year?

8-Dec-2011

10:15 am