As I posted last week on our online story, I do genuinely admire Addleshaw Goddard’s honesty in announcing a redundancy consultation on the same day it said that partner profits were up 37%. It’s the kind of frankness that isn’t too common among large UK law firms, which still rather favour sneaking out staff through more discreet means if possible. But, as to the decision itself, hmmm, that’s a tough line to sell.
But it’s a line that a good few of Addleshaws’ peers look likely to be peddling this year, as there is currently no shortage of cost-conscious firms edging up profits with little or no growth in revenue. Addleshaws deserves credit, at least, for not dealing with dropping attrition through tougher performance reviews.
