Almost half of partners believe lawyer redundancy programmes have a major negative impact on law firms' reputations, according to new research. The latest Legal Week/Big Question survey findings follow several City firms - including Freshfields Bruckhaus Deringer and LG - announcing job losses as a result of the credit crisis, following in the wake of a stream of redundancies at national and regional firms. Despite the number of firms announcing redundancies to date, results from the survey show that 39% of respondents think publicly laying off lawyers has a negative impact on firms' reputations, with a further 6% arguing that the effect is 'very bad' and hard to shake off.
October 02, 2008 at 12:03 AM
1 minute read
The original version of this story was published on Legalweek
Property predicted to stay in the firing line but partners warn that the wave of redundancies and lack of transparency will impact on law firms’ reputations. Emma Sadowski reports on the results of the Big Question survey
Almost half of partners believe lawyer redundancy programmes have a major negative impact on law firms’ reputations, according to new research.
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