JD Journal reports….
Allens Arthur Robinson Freezes Pay, Offers Voluntary Redundancies
Allens Arthur Robinson will institute pay freezes July 1st, and is offering up to one year’s pay to lawyers who take voluntary redundancies.
The amount paid out for those who choose to leave will depend on seniority and years with the firm.
Allens also plans to shuffle remaining lawyers between practices.
The firm has no plans for involuntary layoffs, and will not cut its incoming associate class. It will, however, cut partners’ profit shares.
Full story at http://www.jdjournal.com/2009/04/18/allens-arthur-robinson-freezes-pay-offers-voluntary-redundancies/
