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Merkz
Posted - 11 January 2017 20:15
surely by now the staff have taken anything not nailed down and fvcked off?
Didge is blankety blank
Posted - 11 January 2017 21:55
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If there was any doubt they are utter utter khunts, that letter removed it. Unbelievable.

"It's the bank's fault and you need to look after our clients!!!!"

Wotevs...
Parsnip
Posted - 11 January 2017 22:00
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Really poor letter

The staff owe no duty to anyone at this stage
I_G
Posted - 11 January 2017 22:05
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where can one read said letter?
Parsnip
Posted - 11 January 2017 22:07
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On the other thread
Jethro won it for Labour
Posted - 11 January 2017 22:31
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I think pretty much all the lawyers left working there are part of the deals that various firms are furiously trying to conclude over the next few days. Those firms are obviously concerned about continuity of service for the clients they will be taking on and have no doubt reassured the staff that they will cover any part of their salaries that are not paid by KWM. Whereas the firm has been managed appallingly, they do still have some very good clients and work that are being looked after by the hardy souls left manning the ship. It will all be over by the end of the week I think. It is by any measure a hugely bizarre situation.
Donald Draper
Posted - 12 January 2017 00:07
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Just read the letter. What a wanker.
Keef_
Posted - 12 January 2017 02:02
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It's a very poor piece of blamestorming, which really isn't what is required from him at this time. The lack of empathy and self awareness is almost frightening.
anon.
Posted - 12 January 2017 02:10
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What happens to the NDAs that ex-staff signed? If there's no firm then who could sue? I'm assuming the rights are not transferable to any individual partners.
SumoKing
Posted - 12 January 2017 07:02
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This is a difficult message to write, no doubt as difficult as it is to read

I sincerely fcuking doubt it Tim
Dogwarden 2016
Posted - 12 January 2017 07:44
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Dear colleagues,

You will have heard from your Employee Representatives on Thursday that salaries were due to be paid on Friday last or yesterday. I am very sorry to have to tell you that this payment will not be paid, and no further salary payments will be made (with the exceptions set out below).

Barclays, our bankers, indicated to me on Thursday evening that they were not willing to approve the salary payments due to you. I made a proposal to the bank on Friday to counter this, asking that essential payments including salaries be paid. This proposal was rejected on Friday. I made a further proposal to ensure salary payments could be made on Sunday and this, also, was rejected. A final proposal was submitted to the bank last night and, with deepest regret, this too was rejected this morning.

I appreciate that the position the bank has taken puts you all in a difficult position and I am very sorry that there is nothing further that I can do to cause the bank to change its mind. Although Barclays stands to lose a substantial amount of money it will have benefited by around £5m in the last week in terms of business receipts and anticipated proceeds of the sale of parts of the business.

We have, today, filed a second Notice of Intention to Appoint Administrators at the Court with an alternative administrator named on the filing – Andrew Hosking of Quantuma – after Alix Partners declined to consent to be named as administrators because of concerns about funding. We will now be seeking to accelerate the appointment of Andrew Hosking as administrator.

In order to undertake the administration we will need to maintain our essential services and I will be contacting a significant number of employees with an offer of continuing employment as soon as possible, certainly within the next 24 hours. Please continue with business as usual, as challenging as that is, until you receive further instructions. Non-legal staff who are not required for the administration need not attend the office from tomorrow.

Individuals who are required as part of the administration will, of course, be paid. If you are a fee-earner and you are transferring to another firm, you will be aware of your obligations to continue to work on the files that you are looking after until your transfer. Please can I also remind you of your professional obligations to ensure that an orderly transfer of files occurs.

Finally, I’m sorry to say that Stanley’s has now closed and your daily allowance cannot be used at the ground floor café. Again, payment to continue your daily allowance was part of the three proposals I put to the bank as I consider this to be an essential payment. This was refused.

This is a difficult message to write, no doubt as difficult as it is to read. I have the deepest regret for all that has happened in recent weeks, but no more so than this. The bank has put us in an impossible situation and, despite the immense challenges, we must do everything we can to ensure our clients’ interests are protected.
Thos. Pink
Posted - 12 January 2017 07:51
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Just playing devils advocate - what are they supposed to do if the bank won't hand over the money?
Dogwarden 2016
Posted - 12 January 2017 07:55
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They are supposed to apologise. Not blame the bank. Their management caused the issue saying, it's all the banks fault and continue to work please isn't good. Saying sorry for what has happened is like saying "sorry for your loss", you're not admitting a part in it. Nothing in this shows that the partners think they are in any way responsible for shafting these people and it is therefore an appalling apology.
Jethro won it for Labour
Posted - 12 January 2017 08:27
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As I have said those that are left will all be paid by their new firms. KWM management know that as do Barclays Bank. It's shitty on the face of it, but nobody in their right mind is going to go into work every day without being guaranteed a salary.
Thos. Pink
Posted - 12 January 2017 08:48
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Ah I see. Yes well lawyerz be cuntz shocka.

missx
Posted - 12 January 2017 09:20
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The most astonishing thing in that letter is the request to carry on as "you are aware of your obligations" .
You couldn't make it up could you !
Meninist
Posted - 12 January 2017 09:58
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In order to undertake the administration we will need to maintain our essential services and I will be contacting a significant number of employees with an offer of continuing employment as soon as possible, certainly within the next 24 hours. Please continue with business as usual, as challenging as that is, until you receive further instructions. Non-legal staff who are not required for the administration need not attend the office from tomorrow.

Isn't this a breach of minimum wage legislation - requiring staff who aren't being paid to continue working?
pumpkin
Posted - 12 January 2017 09:59
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"I have the deepest regret for all that has happened in recent weeks, but no more so than this." - no doubt is intended to be read as "of all the crap stuff that's happened, this is the worst" but on first reading I took it mean "Well, look, I'm telling you I'm sorry but don't expect anything else from me", which is precisely what the firm's actions suggest is the true thinking as well.

Poor sods.

On the point about new employers picking up the tab for the unpaid period - not everyone else has gone elsewhere have they? There must still be people hoping for a new perch but not knowing where that will be. Very hard to keep going to work and being warned about your professional duties if you're just hoping that someone else will sign you all up.
Jethro won it for Labour
Posted - 12 January 2017 10:08
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I don't think there is anybody still working there who are not on a promise with another firm. Why on earth would anybody go to work knowing they are not going to get paid?
Monkeygirkl
Posted - 12 January 2017 10:17
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Dear Tim,

My professional obligations to the client depend upon me being an employee of your firm. As you are no longer paying me you have terminated the employment contract and therefore I owe you and your clients nothing.

You however, are responsible for servicing the clients. Here is the password to my computer. Enjoy my job.
The Wizard of Oz
Posted - 12 January 2017 10:31
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Monkeygirkl has it.

If you were still attending work, it would be very tempting to send out correspondence with commentary about the deserting partners. In the UK, is thruth an absolute defence to defamation?
Daydort
Posted - 12 January 2017 10:43
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spot on monkeygirlk
Nexis
Posted - 12 January 2017 10:44
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We won't be paying you but "Please continue with business as usual, as challenging as that is, until you receive further instructions."

That would be a big fat no.
Parsnip
Posted - 12 January 2017 10:45
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Apart from you need to be sure that by walking out you are not prejudicing your chance of getting some cash rather than lining up as some sort of unsecured creditor. not sure how this works but presumably a claim for wrongful dismissal (ie breach of contract by employer) might rank differently to the enhanced right to cash from a liquidation?
Parsnip
Posted - 12 January 2017 11:02
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Dear colleagues,

You will have heard from the people from HR we have put in between us and you to avoid us having to look you in the eye or otherwise make us feel bad for the impending doom on Thursday that salaries were due to be paid on Friday last or yesterday.

I am very sorry to have to tell you that this payment will not be paid, and no further salary payments will be made (with the exceptions set out below).

Barclays have told us that we have no money in our accounts and as such, we can't pay you. I asked the bank to consider whether they would pay you notwithstanding that we have no money and are likely to go bust, but they said no. I asked them again in a whiny voice and a tear in my eye, and they said no again.

The bank saying no is our fault not theirs. As i am not prepared to pay you from my own money (or the money of my partners), you will not now be paid.

We have, today, filed a second Notice of Intention to Appoint Administrators at the Court with an alternative administrator named on the filing – Andrew Hosking of Quantuma – after Alix Partners declined to consent to be named as administrators because we have no money and they are unlikely to be paid either - but if they are, it will be before our other creditors, so those continuing to work as set out below, might consider bringing their own toilet paper to the office.

In order to salvage what little value we can from the business (and limit our own personal losses), we would like to continue to practice (notwithstanding that this is unlikely to be in the best interests of anyone other than me and my partners) and I will be contacting a significant number of employees with an offer of continuing employment as soon as possible, certainly within the next 24 hours. This will only be on an interim basis and will be fraught with uncertainty. You will still lose in the long run. Perhaps in a couple of weeks rather than right now.

Its hard to think of people to blame - other than the people who are actually to blame - so better just to ignore any kind of apology or caveat it suitably in the hope that as lawyers you wont read to the bottom.

mgt.

ps The cafe has closed and we have no toilet paper. The carpet in my office is available to those suitably desperate.

Disaster Zondi
Posted - 12 January 2017 12:42
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There must be roffers there, if you are can't you just make a new name and give us the inside view?
Barnsbury
Posted - 12 January 2017 16:51
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It's a truly dreadful letter. I'm surprised the bank allowed payments to go out for as long as it did.
Cofferdam
Posted - 12 January 2017 16:56
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thanks doggers for the text

is this really happening with a city firm? Amazing that the other firms have not uttered an opinion in public about this shower.
Didge is blankety blank
Posted - 12 January 2017 21:46
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Depends how sure we are many of them would not be just as khunty if it was their firm.