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Pinsent Masons launches second redundancy round in four months
09 November 2012
is launching its second redundancy round of the year, with about 15 support roles to be axed. RollOnFriday understands the firm's finance and central knowledge management departments will be affected.
It's a tough time to be a non fee earner at Pinsent Masons. Following the firm's recent merger with McGrigors, which led to a duplication of support roles, redundancies were perhaps inevitable. The firm launched a consultation last June and in August axed
47 support roles
, 40 of them voluntary redundancies. But to have another round in a matter of months must be rather bruising for morale at the firm.
Pinsents insists that this is the final phase of the process which kicked off with the summer redundancies and says that some new jobs are being created too. Which is good news, but will presumably be cold comfort to those facing the New Year unemployed.
A sombre Pinsent yesterday
A spokesman for Pinsent Masons said, “
In June the firm began an exercise to review existing support structures in light of its merger and consider what changes would be needed to provide the most effective level of support to the combined business. As anticipated, duplicate roles were identified within our support teams and a number of people left the firm. We are now about to conduct the second phase of this process and expect around 15 support roles to be at risk. We are consulting with those affected and anticipate that this will be complete in December
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Please keep it nice. Thanks.
please refer back to this page when Pinsent Masons announces the 3rd round of redundancies.
47, 15 and ? announced separately certainly sounds better than
Tis the season to be jolly tralalalala lalala
Quite like the graphic. Not as offensive as say something similar being shouted at you in a banking lobby "banker"
At least PM are now making redundancies out in the open as opposed to the stealth lay offs they notoriously undertook back in late 2008 early 2009.
there is a large amount of staff in scotland (legacy mcgrigors) that want redundancy in support staff teams. its a terrible place to work. legacy mcgrigors partners have no control over anything. hring it on.
Merry Christmas ! No duplicating roles in the legal staff then?
Lets remember that it was the McGrigors Partners who voted for the merger in the first place. In my opinion McGrigors did well out of the merger, it was Pinsents who gained little or nothing.
There was still a Pinsents side and a Masons side in the departments most effected by that merger years after that merger, so I doubt this integration will be handled any better.
Agree I really don't see the logic of the merger to Pinsents. They wanted to expand internationally and landed up bulking up in Scotland, not exactly a high growth economy. After the Salans debacle it seemed they were desperate for a merger, any merger.
Such a great shame for those affected, and such terrible timing. Pinsents should have perhaps at least waited until the start of 2013 with their cull.
It's interesting that prior to the merger many of the teams affected had a 2-tier management structure, and post merger had increased to a 4-tier management structure.
Thus, the job losses were vital opperational roles rather than high end management roles. And no doubt a very costly and pointless exercise.
So it would seems that Pinsent Masons HAVE now entered their 3rd round of redundancies, this time focused on the Finance Support teams
Clearly a sign that all is not well in the land of PM.
The McGrigors merger was a great win for themselves, and it is beginning to look like PM have been forced to yeild to their processes, systems and existing structure.
A pointless merger, bringing little value to firm as a whole (unless of course you are a McGrigor!)
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