Friday, April 3, 2009

Latest on Lovells

Lovells is the latest UK firm to announce support staff redundancies, with close to 80 people from the professional services teams being let go this week. Details are yet to emerge on which support areas were hardest hit.

The firm also announced a salary freeze for all staff at 2008 levels on the same day that Slaughter & May announced a salary freeze, and Norton Rose announced that 96% of staff were backing the firm's 4 day work week scheme (where staff will be paid 85% of base salary, and/or to take a sabbatical of between 4 and 12 weeks on 30% of their base salary).

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