Revealed: Linklaters redundancy package

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Readers' comments (5)

  • An exaggeration

    It's a gross mischaracterization to refer to the two months pay (for March and April) as a generous extra to the redundancy package being offered by the firm when it is in fact something the firm is obliged to pay. Because over 100 employees are being made redundant, by statute the "consultation period" must last for 90 days (i.e., approx 3 months) before anyone can be terminated. As the consultation began at the start of Feb, it would terminate at the end of April, and this would be the earliest that employees could be terminated. Most employees also have three months notice in their employment contracts. Therefore, the only non-contractual, non-statutory element of the redundancy package is three weeks salary for every year worked.

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  • but it's still a good deal...?

    Whilst the comment above is accurate, regardless, 3 week's salary per year worked is above and beyond what every other firm seems to be offering. Given many firms are only offering statutory, I think it's actually a great deal. No one wants to be made redundant, obviously, but still I think Linklaters are being castigated unecessarily...

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  • Links Redundancy Package

    It is a generous package but what you fail to mention here is that the package is capped to your annual salary, so long time servants of the firm could actually lose out big time...

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  • Linklaters Redundancy Package

    Interesting when its comes to perception regarding the 'Magic Circle' firms and their leadership in the field. Clifford Chance is also undertaking heavy staff redundancies and yet their package to departing employees by far outstrips that of their so-called rival Linklaters.

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  • Really?

    "Far outstrips"? I'd say this is just plain wrong. 3 months notice, 2 months till end of consultation, plus 3 weeks per year worked. How does CC "far ourstrip" this? Interested to know...

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