In a terrific article by ALB profiling reasons for and against bolstering education through a postgraduate Masters course, Freehills CEO Gavin Bell said:
“We have seen a slight increase in the numbers of people who are applying to do their Masters. We cant say if this is a result of the global financial crisis, or just lawyers trying to improve their marketability.”
Pleasingly, we think the following comments made several weeks ago by a Freehills spy offer an answer to this vexing development:
Freehills seems to be making an effort to retain staff during the GFC – there have been no layoffs (by stealth or otherwise). The news that salaries had been frozen was communicated early and efficiently, and generally well accepted. The partners have also made it clear that if you are not busy there is no need to keep your seat warm, and we should use this time to get out of the office at a decent hour if we can…
Oh hell, sounds like there isn’t much else to do but study!
Some fantastic PR spin in the Freehills spy comments too (we edited the comments because we thought they were simply too congratulatory for our site). It should be noted that the comments came from a Freehills Senior Associate, earning $205,000 annually. No wonder they aren’t too miffed at the pay freeze!
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