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

This doesn't surprise me at all. In my view it's the first of many such stories that we will read over the next few months, if not years. I can't actually believe that anyone is surprised. What I'm seeing is a desperate desire by management to retain profits at all costs. There is another way but firms will not consider reduction in profits. This will be a great opportunity for smaller firms to recruit real talent – lawyers who would never normally consider smaller practices.

8-Dec-2011

4:29 pm