International Layoff Watch: Linklaters? More like 'See You Later'
Last week, we mentioned that Linklaters was gearing up to conduct massive layoffs.
Today, The Lawyer is reporting that 270 Linklaters employees are out of a job:
Magic circle firm Linklaters has confirmed that between 100 and 120 of its City lawyers will lose their jobs as part of its so-called New World strategy, while 130 to 150 members of business services staff will also be affected.
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“New World Strategy” indeed.
Linklaters is a large firm, but 270 people represent deep cuts:
The London cuts will translate to 4.8 per cent of the firm’s total workforce while 4.2 per cent of its lawyer headcount will be slashed.
Is there a country where the legal industry is thriving? Have Rosetta Stone, will travel.
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Linklaters: 270 London jobs to go [The Lawyer]
Earlier: Magic Circle Meltdown: Layoffs at Allen & Overy, Linklaters, and Clifford Chance