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Linklaters extends restructuring with up to 70 partners facing the axe

It is clear to me that field of law has largely forgotten what it means to be a true profession, taking care of its partners and staff through the ups and downs. All to often, particularly with this firm it seems, the axe has been taken to the partnership and staff in the most aggressive manner in the history of law instead of hunkering down during the tougher times, possibly asking the older/wealthier partners who are more able to deal with being out of work, and saying to the rest look you have worked hard for your brethren and now we will stand by you during the tough times. It simply cannot be suggested that Links is unprofitable or on the decline. Three of my deals at the moment have Links involved and if anything the partners and associates are overworked and struggle to turn things in a timely manner. Morale there is clearly very low. The bottom line is certain law firms are being managed solely and strictly for profit instead of realising that you can have a tremendous firm with good morale and an eye on profits but not necessarily being the most profitable. You still can attract and keep top lawyers at these firms and in turn attract the best clients and matters. Ultimately this sole profit motive is short term and has and will continue to damage the brand. This is the legacy of the current management who really seem to be one trick ponies during the tough times.

16-Jan-2012

11:10 pm