Slater and Gordon's Manchester office has taken an axe to the trainee cohort which joined Pannone two years ago.
Slater & Gordon bought Pannone last year for £33m. Shortly after the acquisition Pannone's trainees were told not to get their hopes up for qualification. And sure enough, only three of the ten legacy Pannone trainees who qualified last week have been retained.
However, it's not all doom and gloom as it seems that all of the leavers have secured gainful employment at other firms. More to the point, they are likely to earn more than if they'd been retained at S&G. An insider says that S&G's Manchester NQ salary is currently a pretty dismal £25,000 p.a. (although might be negotiated up if the relevant department has sufficient budget). It seems that lawyers at S&G are paid at different grades from the day they qualify.
A spokeswoman for the firm wouldn't comment.
Tip Off ROF
Slater & Gordon bought Pannone last year for £33m. Shortly after the acquisition Pannone's trainees were told not to get their hopes up for qualification. And sure enough, only three of the ten legacy Pannone trainees who qualified last week have been retained.
How it might have looked |
However, it's not all doom and gloom as it seems that all of the leavers have secured gainful employment at other firms. More to the point, they are likely to earn more than if they'd been retained at S&G. An insider says that S&G's Manchester NQ salary is currently a pretty dismal £25,000 p.a. (although might be negotiated up if the relevant department has sufficient budget). It seems that lawyers at S&G are paid at different grades from the day they qualify.
A spokeswoman for the firm wouldn't comment.
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