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Allen and Overy Archive

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Pay Run of the Milliner; Mallesons Announces Christmas Bonus

27 November 2009

We reported last week that Mallesons' pay freeze is apparently showing no signs of thawing. This remains true, despite encouraging news received earlier today that the firm is giving staff a Christmas bonus, of sorts. Thanks to the anonymous Mallesons spy for the following information: Warlock Milliner has just delivered some long overdue good news - we're getting some money out of the partnership and just in time for Christmas! Not that it is very much, mind you. "3% of your wage" in the form of a bonus in the "December pay run". Is this the "pay run of the milliner"? It is interesting that the partners have chosen to carefully calibrate the bonus as a one-off payment, rather than a more permanent increase in our wages, annualised in each monthly pay.  This means that when the ...

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Fail 2 Subjects & You’re ‘Fired’; PwC Introduces CA Policy

10 November 2009

In response to a recent post profiling suspicious survey results suggesting PWC is a 'top employer', we received the following comments from an anonymous PWC spy in relation to a revised Chartered Accountancy study policy: ... There are a lot of extremely pissed of employees at PwC feeling a little bit like indentured slaves that get dictated everything. [First] a ... pay cut to take ‘flexible’ leave. [Second]That there is no overtime system anymore (not that TOIL was awesome, but at least it was something). now CA. This firm just does not stop - graduates stay away and make sure you ask questions about how long your are locked in for if you want to do CA! PwC can now fire you if you fail 2 subjects. It’s all under the ‘policy’. Payraises were so bad this year that 2nd year...

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Ernst & Young Assurance Staffers Stiffed on $2000/1 Week Annual Leave CA Bonus

19 April 2011

In the same way that graduates at major Australian law firms tend to receive a salary increase soon after their admission as a lawyer, most staffers at major accounting firms who complete the CA re...

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Minter Ellison Redundancies; Top-Tier Law Firms Succumb to GFC

4 April 2009

The Firm Spy has previously reported law firm sackings, lay-offs and redundancies at many mid-tier Australian firms.  Then, as the GFC continued to spread, we reported on the incredible job loss...

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Baker & McKenzie Grad Intake Halved; Sackings; Reduced Hours… But the Office is Nice!

2 July 2009

In a Firm Spy exclusive, we yesterday revealed claims that Baker & McKenzie staff had been told recently that a pay freeze would be implemented across the firm, subject to some exceptions. W...

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EXCLUSIVE: Blake Dawson Loses 3 Partners + Marketing Team in “AssHurts” Exodus

5 December 2011

Since the Blake Dawson link up with Ashurst was formally revealed in late September, there have been some interesting developments. In September, Legal Week reported that it had spoken to an Ashurs...

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Desk Emptying Frenzy; Minter Ellison Juniors Allegedly Leaving Firm En Masse

25 June 2010

The lateral mobility of junior staff in the post-GFC era has, until now, been primarily a phenomenon facing Big4 accounting firms. We have repeatedly published rumours that Big4 juniors have been e...

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Ex-Clayton Utz Partner George Livanes an Alleged Fraudster

26 August 2009

With an investigation into investments made by Clayton Utz partners into an elaborate tax scheme apparently still afoot, it has emerged today that an ex-Clayton Utz partner is presently facing char...

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How Much Do DLA Piper Partners Earn? AFR Law Firm Profit Survey

21 September 2009

Thanks to the AFR for the following profile: Partner Remuneration System Performance-based system partnership. Partner Pay For 2008/09 The lowest level equity partners pull in $400,000.00, wh...

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Clayton Utz Lawyer Rebukes Librarian Fruit Thievery

15 March 2010

Tormented top tier law firm Clayton Utz is about to suffer yet another blow. After weeks of anguish following the defection of a major chunk of its partnership pool, and in the immediate wake of th...

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