Redundancy Fallout: CC joins Linklaters and A&O
First went the boardroom biscuits, then the associate layoffs started and finally, large scale restructuring saw partners getting canned in the maelstrom too…
But for a couple of months now the chaotic flood of credit crunch news has been slowing to more of a trickle as the last redundancy programmes ended. Although nervousness remains; superficially at least, things look a bit brighter.
So most firms are hoping that the worst news is over but a couple of warning shots could be a sign of bad news to come. Last week it emerged that Linklaters and Allen & Overy were facing some backlash from their redundancy programmes. Clifford Chance then joined them as two former partners in Germany accused the firm of unfair dismissal.
The firms will defend themselves vigourously – they can’t afford to be seen as a soft-touch. But as PR nightmares go, doing battle with former employees over redundancy has go to be up there with the worst of them.
For redundant lawyers, suing former employers may not be a great career move but desperate times… More to come?
August 24, 2009
I would expect more as disgruntled former partners find it more difficult to slip into positions of similar stature to the ones they have lost.
August 24, 2009
never mind partners what about desparate associates who have seen their careers ended prematurely?