Addleshaws confirms 24 fee earner cuts as attrition remains low
Addleshaw Goddard has confirmed that 24 fee earners have been made redundant following a two-month consultation at the firm. The firm first announced its intention to trim the number of senior fee earners in June, at the same time as announcing that partner profits had risen by 37% to £450,000.
August 29, 2012 at 05:48 AM
2 minute read
Addleshaw Goddard has confirmed that 24 fee earners have been made redundant following a two-month consultation at the firm.
The firm first announced its intention to trim the number of senior fee earners in June, at the same time as announcing that partner profits had risen by 37% to £450,000.
Addleshaws said that the decision to make cuts had been taken as low natural attrition has seen the number of senior fee earners climb disproportionately, while overall lawyer headcount has fallen.
Over the five years to 30 April, overall fee earner numbers fell from 490 to 437, while headcount in the firm's two most senior fee earner categories below partner – managing associate and legal director – grew from 100 to 173.
According to the firm, each of its offices have been affected by the cuts. The firm has bases in London, Leeds and Manchester, as a well as a recently launched office in Singapore. No cuts have been made in the firm's partner or business services ranks.
Managing partner Paul Devitt (pictured) commented: "We took the difficult decision, having previously avoided a fee earner redundancy programme, to rebalance the shape and size of our front-line fee earner resource to ensure that it is a better fit for our business and more appropriately supports our long-term strength and competitiveness.
"It has, of course, been a difficult period for those affected by the consultation and we thank them for their understanding and great professionalism. We wish them well."
Despite the latest redundancies, Addleshaws has pledged to continue to add to its fee earner teams in areas which require strengthening.
The news follows last week's announcement by Pinsent Masons that 47 members of its support team are to be made redundant. In July, Shoosmiths also concluded a redundancy round with 86 members of staff cut.
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