Imagine you are a partner at a leading City firm who just three years ago was basking in the glory of delivering one of the highest billings in the entire partnership. Fast forward to the present day and you find you are being managed out because your practice or industry sector has suffered more than most as a result of the economic downturn. This may seem an unlikely scenario, but is in fact a real-life example of how brutal the impact of the recession has become at partner level.
January 14, 2009 at 09:33 PM
1 minute read
The original version of this story was published on Legalweek
Law firms are taking tough decisions during the economic downturn with many journeymen partners facing the prospect of being ‘managed out’. Philip Hoult reports
Imagine you are a partner at a leading City firm who just three years ago was basking in the glory of delivering one of the highest billings in the entire partnership.
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