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.
LAWYERS working at the country's longest running tribunals were exempted from a pay cut that could have saved the taxpayer millions, it was revealed yesterday. The Taoiseach was left red-faced in the Dail after admitting the Government is still paying top dollar to barristers at the Mahon and Moriarty inquiries - despite promises to curb crippling legal costs.
PARTNERS and staff at Halliwells are being asked to sign up to work a four-day week, in a bid to cut costs. The scheme will see some fee earners and support staff taking a 15% pay cut in return for the extra day off.
FAST food and pub workers are having their pay cut as new legislation on holidays squeezes employers' margins, with some losing out on premium payments. The raising of statutory holidays to 28 days a year from last month, aimed at stopping employers counting Bank Holidays in annual leave entitlement, had "heavily affected" some firms, it was claimed.
The argument against controversial proposed changes to the law which would give temporary workers the same rights as their permanent colleagues... Once again the Private Members' Bill on agency workers has been debated in the House of Commons. In December, the European Parliament decided that the proposed Agency Workers' Directive was not a viable proposition at that time.
By SARAh STAck JUDGES have never opposed a referendum to cut their pay, the country's top law woman claimed yesterday. New Chief Justice Susan Denham said members are aware of the current crisis as the effects of the financial storm come before the courts every day.
NURSES, gardai, firemen, cleaning staff - all our civil servants have been made share the national pain by taking a pay cut... except some of the best paid. Once again, it has emerged that the law firmly is on the side of the judges.
MEP Joe Higgins yesterday gave his support to builders fighting a pay cut through the Labour Courts. Unions want to stop a 7.5% reduction in REA rates being made law. Mr Higgins said: "These workers have serious concerns that the 7.5% reductions scandalously negotiated by the union leaders was not properly balloted by a number of unions.
DUNDAS & Wilson, which this week became the latest major law firm to ask its staff to accept a pay cut, has reported a 20per cent slide in partner earnings for 2008-09. Tomorrow D&W will publish the result of a vote across its 650 staff on whether to accept a 10per cent pay cut in return for an extra 18 days leave, joining an industrywide move to cut costs across their workforces.
Unlike much of the past seven years as the City's chief enforcer, last week did not go to plan for Margaret Cole. Her decision to quit as a managing director and board member of the Financial Services Authority was leaked ahead of schedule and she found herself out of the country when she clearly wanted to take issue with some of the media coverage surrounding her departure. Far from having 'flounced out in a huff' at being passed over for the top job at the Financial Conduct Authority - one of the two FSA successor bodies and now headed by Martin Wheatley - Cole pointed out that she had stuck around for a year since his appointment and had not shirked from the task in all that time.
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