Thu, 23 May 2013
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Herbert Smith prepares to cut up to 51 jobs, 23 in corporate
We all understand the importance of maintaining PEP in order to hold on to talented partners. The problem is that law firms need leverage, ie, associates, in order to generate meaningful profits. Firing countless fee earners while maintaining an equity partnership with countless underperforming partners and a bloated support infrastructure of HR and BD minions is not the answer. Herbies has been on a downward spiral for years now and this is just another step down in the long descent into mediocrity.
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