We just had a feeling that Australian law firms were/are being very secretive about staff they are making redundant. All we can say is thankyou to Roll on Friday and those people who are feeding information to the site as it is becoming increasingly obvious that…
Australian firms don’t seem to want anybody to know that the global slowdown is affecting their business ( it starts at the top — Australian PM Kevin Rudd is having problems saying the R word at the moment as well)
ROF report:
Aussie firms crunched – Blakes and HWL Ebsworth hit hard
The credit crunch has hit Australia, and firms are reported to have taken the lead from their US and European equivalent by doing a Rolls Royce job of cocking up their redundancy programmes.
Blake Dawson apparently axed some 86 staff on Tuesday. One associate says he was told to keep his departure quiet, and that if anyone asked what he was doing to say that he was going home sick. "Begs the question, when was I to get better? Sounds terminal to me" he told RollOnFriday.
Another insider says that morale is at rock bottom, and that associates are living in constant fear of further sackings – although so far there has been no sign of any partners being given the push. "How can anyone on $900k a year sack someone on $50k and a mortgage?" asked one employee, "shame on you Blakes management."
Read the full story at: http://www.rollonfriday.com/load.asp?page=story1182.htm
