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Addleshaw Goddard cuts 24 fee-earner roles at end of consultation

Some of the comments above are truly pathetic. Firstly, it is very clear that this firm has not been open and that far more lawyers have left it by stealth over recent years than through formal redundancy processes. Of course it is by no means alone in that regard, but so what, this is an article on a specific firm. Secondly, it is truly bizarre that it has been stated that large scale redundancies like this are not news. What the author means is "I don't care about those losing their jobs". This economy is in BIG, BIG trouble. Not just facing a vast private and public sector debt burden, a massive asset bubble, and a large and persistent trade deficit, but also a rapid fall in competitiveness compared to fast rising nations in the east. Law firms like this, which by the standards of the wider economy enjoy super normal profits, and which do not directly face foreign competition, making large redundancies purely to maintain (or even raise) their super normal profits at this time is damaging to the wider economy. All it does is increase unemployment, increase job insecurity, increase the burden on the state. SHAME on this firm.

30-Aug-2012

1:12 pm