In an excellent article in today’s Australian profiling the likely exodus from law firms in the new year – owing to long hours for low, frozen pay while fat cat partners laugh all the way to the bank – the following is written:
Susan Ferrier, director of people and development at Allens Arthur Robinson — which has a pay freeze — said the firm wanted to avoid quickly changing policies on recruitment in case the latest signs of improvement were a “false economic dawn”. “Post-Christmas I think many professional services organisations will have a clearer picture of where things are going in the economy,” she said.
The Firm Spy has profiled, and commented upon, a wide array of wanker corporate idioms, but “false economic dawn” is a new one and a particularly offensive way, we think, of saying:
the AAR partners dont want to spend a cent more than they are required to.
Does this mean Allens Arthur Robinson lawyers have just awoken to the remuneration Dawn of the Dead? We think so. It is remarkable how quick the partnership was prepared to act when profits were thrown in to jeopardy when considering the extremely conservative approach it appears to be taking to responding to the economic up-tick.
Is it time for AAR to stop selling the drama?
Send the Firm Spy your news and views!
Loading...
Its sad that AAR and the other Big Six are axing junior lawyers. Truly it is all about profit to them.
I think this is all fairly clear isnt it – the partners want more money and are using the GFC to get it…what they do is freeze pay, cut staff (accept voluntary redundancies) and over-work those remaining safe in the knowledge that none of them will leave to go to London / US/ Dubai anymore…
No junior lawyers have been cut. A lot of really good lawyers and secretaries left because they walked straight into other jobs and pocketed fat sums.
The partners are totally out of touch, but what’s new…when there are almost 200 and they are lead by a vacuous disingenuous politician.