Baking Bread; No Pay Freezes in Sight at Baker & McKenzie

Whereas top-ties firms Freehills, Allens Arthur Robinson and Minter Ellison have each now enforced a firm-wide pay

A lawyer baking bread
freeze, it has emerged today that international heavyweight Baker & McKenzie is moving to distance itself from the international strife affecting the firm.

Baker & McKenzie Australia has confirmed that unlike its North American offices, there will be no staff or wage reductions. Of course, this does not indicate that staff will receive wage increases, but it has presumably engendered a measure of confidence in staff who might otherwise have been fearful for their futures in light of international developments.

In an official statement last week announcing further redundancies, it was noted

‘Our management in North America and Global Services today has informed 38 attorneys and 86 paralegals and professional staff that their positions are being eliminated due to the economic downturn. These changes involve various practices, offices and Global Services departments in North America.’

This is the third round of redundancies for the firm, following January’s initial cut of eight associates in New York, and March’s slashing of about 85 jobs in London.

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