Just one day after we brought you news of a regional revolt at Addleshaw Goddard, yet more news has emanated from the firm.
This morning Addleshaws released a blizzard of information regarding such disparate areas as structural changes, financial performance, pensions, redundancies and plans for international expansion (see story).
The top line is that up to 40 support staff could lose their jobs as part of a 30-day redundancy consultation. The firm has previous form here, having laid off 16 employees, including fee-earners, in 2008 and then asking 19 partners to leave in 2009 on grounds of overcapacity. But that was at the height of the downturn, and took place against industry-wide troubles.
The latest cuts come at the end of a year that has seen the firm’s turnover drop slightly while profit has fallen by 17 per cent.
It’s no surprise, then, that partners are keen to cut a few costs. Especially when the firm has international investment in the shape of new offices in Dubai and Singapore in its sights.