Howard Kennedy has launched a redundancy consultation with six non-equity partners and one senior associate in its property department in a bid to maintain profitability at the firm. The consultation could lead to the firm’s property practice shrinking from 26 partners to 20, with a statement from Howard Kennedy issued earlier today (14 February) concluding that the top heavy practice, which also comprises 19 solicitors, had limited opportunities for growth and succession planning.
February 14, 2012 at 06:10 AM
1 minute read
The original version of this story was published on Legalweek
Howard Kennedy has launched a redundancy consultation with six non-equity partners and one senior associate in its property department in a bid to maintain profitability at the firm.
The consultation could lead to the firm’s property practice shrinking from 26 partners to 20, with a statement from Howard Kennedy issued earlier today (14 February) concluding that the top heavy practice, which also comprises 19 solicitors, had limited opportunities for growth and succession planning.
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