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: jurabilis - German bLAWg from Berlin.Modern Times: Equity-Partnerschaft als Lebenszeitstellung ...
Once regarded as secure for life, partners in Britain's leading law firms are now being presented with a stark choice: prove your worth or leave. Almost 2,000 of them could go.[Times Online]
Senior equity partners, who earned an average of £1.1 million in the top ten firms last year, are being told that they must accept a reduced share of profits or leave. Younger partners, promoted during the boom of recent years, are also being forced out.
Up to 10 to 15 per cent of the 11,726 partners in the top 100 firms could lose their jobs this year.
Das hätte natürlich eine gigantische Marktneuordnung zur Folge.
Full post as published by jurabilis - German bLAWg from Berlin. on January 14, 2009 (boomark / email).
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