Addleshaw Goddard is in discussions with a number of additional partners about their future roles with the firm, it has emerged. The talks, which are understood to include the possibility of de-equitisations as well as demoting fixed-share partners to non-partner status, come after Legal Week on 20 January reported that Addleshaws had asked 19 partners from its London, Leeds and Manchester offices to leave the firm, citing economic conditions.The firm refused to be drawn on how many partners outside the 19 are involved in the latest discussions. However, the move represents a significant overhaul of the firm's partnership as the 19-partner group alone represents a cut of around 10% of the firm's 182-strong partnership. Of these, around 112 were equity partners and 70 fixed-share.
January 23, 2009 at 07:43 AM
1 minute read
The original version of this story was published on Legalweek
Addleshaw Goddard is in discussions with a number of additional partners about their future roles with the firm, it has emerged.
The talks, which are understood to include the possibility of de-equitisations as well as demoting fixed-share partners to non-partner status, come after Legal Week on 20 January reported that Addleshaws had asked 19 partners from its London, Leeds and Manchester offices to leave the firm, citing economic conditions.
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