Like buses, job cuts seem to be coming at once. Swiftly following DLA Piper's announcement it was cutting up to 200 support staff, came news of further redundancies at both Norton Rose Fulbright and Dentons last week.
Both firms announced sizable expected job losses and relocations as they move to centralise their business services functions, with 170 of Norton Rose's support staff roles moving to Manila and 50 of Dentons' UK roles moving to Warsaw.
Certainly, law firms' HR functions are going to be kept busy – as our feature last week highlighted.
Alongside support function reorganisations, last week also saw news of several restructurings on a practice basis at firms across the City. Freshfields is reviewing its finance practice as part of its ongoing profitability drive; Bird & Bird is reconsidering its sector focus; and on the client side, incoming ringfencing reforms have led to Barclays reconfiguring its in-house legal function.
Elsewhere, Linklaters, Nabarro and Olswang are expected to face MP questions this week about their role in the sale of stricken clothes business BHS.
And in more positive news, it would appear that efforts to see beyond the traditional pool of talent law firms fish in is paying off, with contextual recruitment company Rare reporting that students from disadvantaged backgrounds are 50% more likely to be hired by top firms.
Other stories you may have missed:
Eversheds hit with £2.7m legal claim from Canon Europe
Linklaters signs up to AI service
Facebook fails in its latest bid to sue DLA Piper and others
KWM delays partner profit distributions again
Myanmar: should firms be investing now?
0 comments:
Post a Comment