Slaughter and May is set to axe 32.7 full-time equivalent (FTE) jobs in its secretarial team after finalising a round of redundancies.
A total of 41 secretaries have chosen to take voluntary redundancy, which includes a redundancy pay package, while approximately three to four in the evening team are being asked to exit the firm involuntarily.
The 41 secretaries electing to leave includes part-timers and works out as 30.3 FTEs, including 31 day staff (23.7 FTEs) and 10 evening secretaries (6.6 FTEs).
Meanwhile, the firm has been forced to axe 2.4 FTE jobs in its evening team, constituting around three or four individuals.
The total figure of 32.7 redundancies is higher than the 28 it was originally expecting to cut from its 165-strong secretarial team when it launched the consultation round earlier in the autumn (2 October 2012).
This is because more day secretaries volunteered to take the redundancy package than the firm expected, but senior management had a contingency plan in place to ensure it could function with a smaller secretarial team than anticipated.
At the time of launching the redundancy round the firm said the decision was down to the rise of technological solutions and the changing nature of secretarial work.
The final day of employment at the firm for staff being made redundant is 31 December this year.
Slaughters executive partner Graham White told The Lawyer: “We’re extremely pleased that the overwhelming majority of the redundancies are by voluntary redundancy.”
Readers' comments (9)
Anonymous | 7-Nov-2012 5:59 pm
I question the use of the words "...the firm has been 'forced' to axe 2.4 FTE jobs..."
Who exactly is doing the forcing?
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John Smith | 8-Nov-2012 1:39 pm
Anon 5:59PM The forcing is financial pressures. They are not doing it for a laugh. I hope this answers your question.
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RG1 | 8-Nov-2012 2:59 pm
41 out of 165 is pretty-much exactly 25%. That's a major shedding of the lower-level staff, and a lot more photocopying for the trainees to do...
Interesting that more secretaries chose to take redundancy than were necessary. Given that replacement jobs are not easy to come by at the moment, either a very generous package was offered, or this says something about their enjoyment of their role at S&M?
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Anonymous | 8-Nov-2012 3:11 pm
"senior management had a contingency plan in place to ensure it could function with a smaller secretarial team" LOL - presumably this contingency plan includes the secretaries that are left doing double their workload?
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Anonymous | 8-Nov-2012 3:23 pm
John Smith - Thank you for your facetious comment. No they are not doing it for a laugh, they are doing it to ensure they maintain their level of drawings reagardless of how much revenue the firm brings in.
I have no problem with them managing their business in this way (after all, they are the owners). I just object to the way the wording of the article appears to absolve the partners of responsibility. S&M is not a high street shop which is 'forced' to make redundancies to fend off bankruptcy - it is the most profitable UK law firm and 'chooses' to make redundancies to maintain that title.
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Anonymous | 8-Nov-2012 3:27 pm
If S&M is suffering from financial pressures then goodness help the rest of us. I am sure that those facing the boot will not be laughing as they read the latest PEP figures.
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Anonymous | 9-Nov-2012 12:43 pm
I have every sympathy for anyone being made redundant in the name of technology, efficiency and PEP. The world of employment is challenging and unforgiving at the best of times.
My old job was outsourced to India more than 10 years ago and decided a change of career and a fresh challenge is exactly what I needed. Of course I had to make a number of sacrifices, night school and a cut in salary and had to cancel the odd christmas. There is life outside the city you know.
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Anonymous | 9-Nov-2012 1:13 pm
As one of the 41 secretaries, I can say that the package wasn't that generous - but it wasn't bad either. It is more advantageous to the part-timers as they more than likely didn't get affected by the statutory cap of £430 a week. Some of those who applied for voluntary redundancy were close to retirement age and it wasn't worth their while to stay. Others are taking the money and seeking local employment. We took it because it was silly not to - you don't look a gift horse in the mouth, do you?
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Anonymous | 12-Nov-2012 8:35 am
Not much to stay for as the good old days at the firm have long gone, so sad
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