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11 June 2009 / Ian Barratt
Issue: 7373 / Categories: Features , Employment
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Stressed out!

Ian Barratt explains why employee wellbeing is rising up the work agenda

 

Over the past few months, we have noticed some key indicators emerging that support our view that stress is manifesting itself in new ways as a result of the recession. Many legal firms have been making staff redundant for some time now, particularly where they once had large conveyancing teams. As many firms continue to cut costs, it is left up to the remaining employees to drive the business forward to profitability.

And that’s precisely where the problem lies. In any downsizing operation, the employees who are lucky enough to keep their jobs inevitably take on more work, certainly put in longer hours to get the additional tasks done and some may sacrifice their work/life balance in the process. In the work that we have undertaken with clients during 2009, the legal sector has been badly hit with this type of scenario.

As solicitors are now starting to get busier and taking on more cases, the headcount is not changing to reflect

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MOVERS & SHAKERS

Signature Litigation—Catherine Naylor

Signature Litigation—Catherine Naylor

International fraud and asset recovery offering boosted by partner hire

Stevens & Bolton—Alexa Payet

Stevens & Bolton—Alexa Payet

Private wealth disputes team adds contentious probate specialist

Morgan Lewis—Paul Feldberg

Morgan Lewis—Paul Feldberg

Firm strengthens investigations and sanctions capabilities with London partner hire

NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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