Seven lawyers are to lose their jobs at HowardKennedyFsi in another round of redundancies.

Howard Kennedy announced in August 2012 that it would merge with Finers Stephens Innocent to create the clumsily-named 87-partner firm. RollOnFriday suggested that redundancies would be inevitable - an assertion which was flatly denied by Chief Exec Mark Dembovsky, who stressed that the firm would be hiring more staff.

Hmm. Since the announcement some ten support staff have been made redundant, and now up to seven lawyers are to join them.

    HowardKennedyFsi yesterday

It's a shame, particularly as the firm has recently been trying to put its woes behind it. It managed to keep on all of its seven qualifying trainees. And at least Dembovsky had the grace to make the announcement himself: in 2008 the firm's Senior Partner absented himself from the office on the day that staff were told that 15% of them were for the chop.

Dembovsky said that "along with every other law firm we need to re-evaluate the way in which we do business".
 
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Comments

Anonymous 06 September 13 14:18

Same old story.... when are they going to learn, it's not the lawyers they need to loose but Partners. How can a firm so partner heavy be profitable !

Anonymous 06 September 13 16:40

Entirely foreseeable I am afraid. No wonder the market is swamped with HKFSI CVs.