Irish leader to lay off staff and cut pay by 10%
A&L Goodbody has become the first Irish firm to announce major cost-cutting measures in response to the financial downturn. The firm is set to cut at least 45 jobs, including 6% of its lawyer headcount, while the firm also said that it expects to decrease salaries by 10%.The firm's management informed staff at a meeting earlier this month (9 February) that it is seeking 20 voluntary lawyer redundancies - across seniority ranks - from its 360 fee earners. In addition, 25 voluntary redundancies were requested among support staff.
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