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Headline

Why the law’s no safe haven

Comment

Partner profits Totally agree - the legal profession should not be viewed as a safe haven but it takes time for perceptions to change. The overriding priority for large commercial firms is to preserve or increase partner profits and if this means wholesale redundancies so be it. We are not yet officially in recession, turnover at many firms is still increasing and has been throughout the credit crunch and yet we are witnessing large numbers of redundancies. Partner profits will continue to increase at the largest firms irrespective.

Posted date

5-Nov-2008

Posted time

10:33 am

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