Herbert Smith has concluded its redundancy consultation with all those due to leave the firm opting for voluntary
redundancy. The firm revealed plans to cut 84 positions in April, while also freezing salaries at 2008-09 levels. It said
sufficient number of staff had opted to accept the redundancy programme, so it would not have to make compulsory redundancies. New positions would be created for those seeking alternative working arrangements.
Eversheds puts equity on pedestal
EVERSHEDS has introduced more stringent appraisal measures for fixed-share partners who have aspirations of entering the firm’s equity. As part of its remuneration structure review, the national firm will now hold regular appraisals throughout the year in addition to formal annual performance development reviews. Eversheds managing partner Lee Ranson said: “We want to align performance […]
