Pinsent Masons is making up to 45 staff redundant following its merger with McGrigors.
Several firms have announced redundancies recently, on the grounds that they have too many expensive senior associates. But Pinsent Masons is at pains to point out that this is entirely down to the recent merger with McGrigors, which has led to a duplication of support roles, and that no lawyers are for the chop. A spokesman said that "unfortunately, as with any merger, there are a number of duplicate roles within our support teams and as such we've identified a small number of potential redundancies in those areas".
All of which is bugger all comfort to those who will be booted out. And who were, apparently, only given five days to apply for their jobs or for voluntary redundancy. The firm says that up to 40 staff are at risk, although insiders say that it may be closer to 45.
Tip Off ROF
Several firms have announced redundancies recently, on the grounds that they have too many expensive senior associates. But Pinsent Masons is at pains to point out that this is entirely down to the recent merger with McGrigors, which has led to a duplication of support roles, and that no lawyers are for the chop. A spokesman said that "unfortunately, as with any merger, there are a number of duplicate roles within our support teams and as such we've identified a small number of potential redundancies in those areas".
A redundant Pinsent yesterday |
All of which is bugger all comfort to those who will be booted out. And who were, apparently, only given five days to apply for their jobs or for voluntary redundancy. The firm says that up to 40 staff are at risk, although insiders say that it may be closer to 45.
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The firm is making more partners work a few days a week at the London offices (a ridiculous manipulation of figures at their head office to make themselves look good?), despite London (historically) being an unprofitable part of the firm.
It's all hocus pocus really.
I would not be surprised if part of the rationale for the McGrigors union was to hide dire financial results on the Pinsents side – and no office move to hide the severity this year.
McGrigors seem to have been too dense to figure this out - unless they had some horrible skeletons of their own.
But who really cares anyway, both firms are mediocre at best.
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