In a bizarre move, Mallesons Chief Executive Partner Robert Milliner has today given the most candid account yet of the financial state of his firm. And it beggars belief!

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?

Related posts

1. Cracks Appearing; Mallesons Chief Executive Partner Cries Poor With a proud history as Australia’s leading law firm, many...
2. Revenue Down But Maddocks Partners Will Earn Less to Save Jobs A Maddocks partner agrees to earn less money this...
3. Run of the Milliner; Mallesons/Clifford Chance Merger One Step Closer If you’re still doubting the imminent prospect of a Mallesons/Clifford...
4. Too Deep, Too Late; Mallesons ‘Fellowship’ Rue Mass Redundancies You’ll recall the announcement on July 30 that Mallesons was...
5. Clifford Chance Takes No Chances on Mallesons as Merger Talks Break Down A top-secret merger proposal between Clifford Chance and Mallesons Stephen...