Whereas the spectrum of law firms are wracked with financial strife, variously turning to cost-cutting and GFC point-scoring, Milliner revealed that Mallesons looks set to achieve
record revenue results this year similar to 2007-2008.
Record results, in the middle of the GFC!
Yet in a blow to Mallesons lawyers, who are likely wondering whether the firm will also announce a pay-freeze, Milliner went one step further in refusing to rule out staff redundancies. Milliner also noted that a merger with Clifford Chance is still on the agenda.
Worse still, Milliner acknowledged that the firm’s incredible financial results can be attributed to a strong performance in the latter half of 2008 — the precise period in which several Mallesons partners considered whether the time was right to:
chop the spare lawyers
If Mallesons partners were considering ‘chopping spare lawyers’ in the midst of very strong results, what do you think they are considering now? Do you think Mallesons should be crying poor at the same time it is recording such impressive financial results? Do you think a multi-millionaire retiring Mallesons partner should have accepted a lucrative scholarship to Harvard?
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