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Jobs under threat as crisis hits Linklaters
Rosamund Urwin3 Feb 2009
Staff at law firm Linklaters will today find out whether they face the chop.
The legal giant is thought to be axeing up to 10% of associates and 70 partners worldwide as well as cutting back room staff as the financial crisis forces the firm to cut costs.
According to The Lawyer magazine, its offices in western Europe are likely to be hardest hit, but up to a dozen partners in London could be pushed out.
Linklaters is thought to be looking to streamline its operations to create a more focused practice in response to the deteriorating economic outlook.
The shake-up is another sign the legal sector is no longer immune to the downturn. Last week, Baker & McKenzie said it was cutting employees and City law firm SJ Berwin axed its media group and told 40 staff in London their jobs were under threat. Earlier this month, Clifford Chance said it was calling on equity partners to stump up an average of £100,000 each to raise over £40 million for the firm.
Reader views (1)
At last some good news!
Made my day.
- Pete, Leigh on Sea, 29/01/2009 15:51
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