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

In a nutshell there are too many law firms and too many lawyers. In the boom times the market expanded and now it needs to contract. The legal market as it stands is not sustainable, so expect to see far more distress mergers with partners exiting the door. The bizarre PEP business model needs to go as well, and everyone accept that pay isn't going to be as high as the good old days.

8-Dec-2011

3:20 pm