Linklaters faces post-redundancy dispute with former employee
Linklaters has confirmed that it is in discussions with a former employee relating to the redundancy programme it carried out earlier this year. Referring to reports on RollonFriday that the firm was facing legal action from at least one former staff member, Linklaters confirmed that it is in discussions with one ex-employee as a result of their redundancy. However, the firm would not be drawn on the details.
August 07, 2009 at 07:54 AM
2 minute read
Linklaters has confirmed that it is in discussions with a former employee relating to the redundancy programme it carried out earlier this year.
Referring to reports on RollonFriday that the firm was facing legal action from at least one former staff member, Linklaters confirmed that it is in discussions with one ex-employee as a result of their redundancy. However, the firm would not be drawn on the details.
In a statement Linklaters said: "Whilst our policy is not to comment on any litigation we can confirm that only one case is currently under discussion in respect of our redundancy programme."
Linklaters restructured heavily earlier this year through a global program dubbed Linklaters New World which saw the firm laying off around 400 employees. Out of these, 200 were lawyers and 200 were business support staff. Around half of the cuts affected the London office, with the firm declining to comment on individual international offices.
The restructuring also saw the firm trimming down its partnership, with around 35 partners worldwide expected to leave by the end of the year. However the firm has not confirmed an official number of partners set to go.
Since the restructuring Linklaters has emerged as the largest firm in the UK by revenues during the last financial year. The firm reported a virtually static turnover of £1.298bn for 2008-09 compared with £1.293bn last year. The firm said its profits per equity partner (PEP) fell to £1.3m, in part due to costs inflicted by the restructuring.
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