After numerous rounds of redundancies, it seems DLA may finally have realised that the quickest way to boost profits per partner is to reduce the number of partners.
Sources tell RollOnFriday that the firm's management has decided to force out long serving partners who have been too content to rest on their laurels. It seems partners in Finance and Projects are the most at risk, with some very senior staff now being asked to justify their roles. And it's not just in the UK, as partners in Dubai are also under threat - even those who moved out there on the understanding it would make their jobs secure.
The news begs the question of whether quite such a brutal associate redundancy process would have been needed if DLA had been brave enough to bite the bullet and reduce equity partner numbers earlier. And some partners who supported the bare minimum redudancy payments to their staff may now be wondering whether that was quite such a good precedent to set.
The firm declined to comment.
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Sources tell RollOnFriday that the firm's management has decided to force out long serving partners who have been too content to rest on their laurels. It seems partners in Finance and Projects are the most at risk, with some very senior staff now being asked to justify their roles. And it's not just in the UK, as partners in Dubai are also under threat - even those who moved out there on the understanding it would make their jobs secure.
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The view from DLA's offices yesterday |
The news begs the question of whether quite such a brutal associate redundancy process would have been needed if DLA had been brave enough to bite the bullet and reduce equity partner numbers earlier. And some partners who supported the bare minimum redudancy payments to their staff may now be wondering whether that was quite such a good precedent to set.
The firm declined to comment.