Howard Kennedy's woes deepened substantially this week as it emerged that both its Head of Tax and its Head of Private Client are leaving, and as its lawyers complained of significant managerial failures.
Over the last few months the firm has said goodbye to a stack of real estate lawyers and its entire Media department. The further loss of two other heads of department is therefore a major blow. While rumours abound that they jumped ship after being unhappy that the partnership had over-distributed during the good times, leaving insufficient reserves to shore it up in bad, the firm states that both departures were for personal reasons.
Meanwhile Senior Partner Trevor Newey has made himself thoroughly unpopular. When the firm told horrified staff back in June that some 15% of them were at risk of redundancy, Newey chose to be out of the office. Sources at the firm have claimed that he was too busy playing golf but an official spokesman has categorically denied this. It may not be true, but when your staff believe these sorts of things it's not good news.
A spokesman for the firm said any claims of trouble in the partnership were absolute "rubbish". He also made the hole slightly deeper by adding there was no reason for Newey to be in the office when the redundancies were announced as this was an HR matter. Which is unlikely to satisfy those packing up their desks.
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Over the last few months the firm has said goodbye to a stack of real estate lawyers and its entire Media department. The further loss of two other heads of department is therefore a major blow. While rumours abound that they jumped ship after being unhappy that the partnership had over-distributed during the good times, leaving insufficient reserves to shore it up in bad, the firm states that both departures were for personal reasons.
Meanwhile Senior Partner Trevor Newey has made himself thoroughly unpopular. When the firm told horrified staff back in June that some 15% of them were at risk of redundancy, Newey chose to be out of the office. Sources at the firm have claimed that he was too busy playing golf but an official spokesman has categorically denied this. It may not be true, but when your staff believe these sorts of things it's not good news.
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Nice one, Trevor |
A spokesman for the firm said any claims of trouble in the partnership were absolute "rubbish". He also made the hole slightly deeper by adding there was no reason for Newey to be in the office when the redundancies were announced as this was an HR matter. Which is unlikely to satisfy those packing up their desks.
Know more? Use the button below to send RollOnFriday your news.