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Tresscox confirms redundancies
TressCox Lawyers has confirmed rumours circulating in the legal industry about staff cut-backs in a statement to The New Lawyer.
Hayden Guthrie
TressCox Lawyers has confirmed rumours circulating in the legal industry about staff cut-backs in a statement to The New Lawyer.
Recent reports say that at least a dozen staff have been made redundant by the firm. TressCox would not detail the exact numbers involved but managing partner Peter Smith said they are adjusting their staffing requirements in line with tough financial times. “We confirm that in response to the global financial crisis, we are realigning and refocusing our practice to ensure we are in the best possible position to service our clients both in the immediate and longer term,” he said. “As a result we have made a limited number of redundancies, each of which has been very regrettable.” But Smith was scant on details, saying that the firm is focusing on its future: “As you can imagine this is a challenging time for the firm and for our people (as it is for the community as a whole) so apart from this statement we will not be making any further comments.” The details of TressCox’s troubles emerge following a number other high profile firm sackings. Last week Minter Ellison made 35 employees redundant, including 11 lawyers and 24 support staff from its Adelaide, Sydney, Melbourne and Brisbane offices. Thomson Playford Cutlers laid off 25 staff in December, while Blake Dawson cut 89 staff this year. Corrs Chambers Westgarth cut fewer than 50 staff, Deacons has cut about 45, and DLA Phillips Fox has laid off 20.
