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Allen & Overy and out

Management by knee jerk The actions of Allen & Overy's management represent the very worst example of management by knee jerk reaction, driven by panic (and greed) following sight of some dire projections in support of this destructive action and utterly devoid of any coherent long term strategy to address the post crunch world. Only a couple of weeks ago they denied having any such plans. Their approach should be contrasted with that of the superior US firms (to the partners in which loyalty and partnership bonds mean something), and with the actions of most of their UK peer group which have been restrained by comparison. The manner in which individuals and whole groups have been targeted ( driven by internal politics and management structure) stand out and both should and will be seen by would be US and UK associates as strong reasons for avoiding this firm. The partners in the firm should hang their heads in shame.

22-Feb-2009

6:10 pm