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Addleshaws cuts fee-earners as profits rise 30 per cent

Another horrible consequence of the current market but aside from all this AG bashing I can see their logic on this move. Other firms have been doing this on the sly for months now, at least they have been open about it. PEP has became the key benchmark and unfortunately it needs maintaining for the long term strength of the firm. If there were a stream of partners leaving due to higher earning potential elsewhere then there would be far more jobs at risk in the long run. Still, feel for the individuals involved having experienced similar myself.

21-Jun-2012

12:57 pm