The Law Society continues to act to reduce impact of downturn
The Society has now completed its corporate planning and budget process for the coming year. Before the budget and plan are published, the Society has taken another step to ensure that it meets the challenges of the recession by introducing a voluntary redundancy scheme for staff.
The Society introduced a pay freeze earlier this year and has restricted external recruitment.
Chief Executive, Lorna Jack said "The economic downturn is affecting our members who fund the Society through their subscriptions. In common with many firms our commercial revenue has decreased. We have to take appropriate steps to ensure that the organisation continues to manage its finances well and operates in a business-like and customer focused way.
“Every element of our business has been re-examined in the planning process with a view to delivering benefits for the profession and the public in a cost effective way. We must retain the skills we need to do the job while reducing employment costs.
“We are not alone in facing this difficult challenge but it is right and proper that the Society reflects current marketing conditions in its own business planning. I want to be sure that we work with and consult with staff which is why introducing voluntary redundancy is the right step to take at this time.”
