In a recent turn of events, a top 20 ‘Biglaw’ firm has let go of a number of its staff in Australia. The redundancies were carried out primarily among the firm’s business services personnel, following observations of efficiency gaps in these functions. The firm emphasized that these were tough decisions to make and all individuals affected by the layoffs were provided with extensive support during the process.
The employees leaving the firm were granted their full entitlements and were further offered outplacement services, counseling, and additional support. These details were confirmed by a spokesperson for Norton Rose Fulbright in their comments to Law.com International.
Interestingly, the layoffs conducted did not affect the lawyers at the firm, with only business services staff being affected. This event follows hot on the heels of Clyde & Co’s recent staff reduction; the firm laid off a number of lawyers just last week, a move driven by performance reviews. You can find more about Clyde & Co’s layoffs here.
With shifts in the economy and the changing landscape of big law firms, such restructuring activities are not unheard of. However, they often lead to significant changes within the organization and can inevitably impact its overall functioning and performance.
This information came to light through Above the Law, as part of their daily feature, ‘Quote of the Day’.