Jones Day Gouldens cuts 10 per cent of London fee-earners

Jones Day Gouldens is slashing ten per cent of its fee-earning staff in London as it becomes the latest City firm to institute a redundancy programme.
The move, which was announced internally today (23 May) will initially affect up to 25 associates and paralegals, but may be followed by a proportionate reduction in secretarial staff. Partners will not be affected.
Jones Day Gouldens London managing partner Russell Carmedy told The Lawyer: “No-one likes doing this type of thing, but we thought we’d do it as a one-off, not as a drip-drip.”
He said that the trainee intake would not be affected and that the number of trainees who would be offered jobs on qualification would be in line with the last few years. The Lawyer understands that seven out of 11 trainees will be offered posts with the firm.