City Law Firm Cut Partner's Pay As Office Income Slumped

Daily PostMarch 25, 2010

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Summary


A TEAM of Liverpool real estate lawyers was performing so badly during the recession it risked barely being able to cover its costs, an employment tribunal heard.

The gloomy outlook was used as justification for DLA Piper's senior real estate partner to suggest a Liverpool partner should see his wage slashed by pounds 200,000.

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City Law Firm Cut Partner's Pay As Office Income Slumped

His team eventually missed their income target by almost a fifth in 2008, LDP Legal can also reveal.

The previously unreported d...

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