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More law firms pay back furlough funds

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DAC Beachcroft and Bevan Brittan follow host of City firms in returning government cash

DAC Beachcroft and Bevan Brittan have become the latest law firms to repay the cash they received as part of the government’s job retention scheme.

DAC Beachcroft’s managing partner David Pollitt said the firm had performed well up to the half year, and repaying the furlough monies it accepted earlier in the year was “the right thing to do”.

“We are continuing to take a prudent approach to our finances, as we believe the next few months will continue to be challenging,” Pollitt added.

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Elsewhere, national outfit Bevan Brittan confirmed it too had returned the funds it received when it was forced to furlough a small number of support staff. It announced its intention to pay back the funds in August and completed the process in October.

“Having maintained our trading during that period and delivered such strong results, we are now repaying those savings,” the firm’s managing partner Duncan Weir said.

Other firms to return furlough funds include Norton Rose Fulbright, Herbert Smith Freehills, Osborne Clarke, Eversheds Sutherland, Dentons and Burges Salmon.

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2 Comments

anon

Getting to the point now where you’d probably be worried if your firm hasn’t paid back whatever furlough payments they claimed.

(9)(3)

Who cares?

The sad part is that so many junior and NQ lawyers were placed on furlough for months on end and then let go before the government yet again changed their minds and announced the scheme will be extended. Now these juniors have been out of work and out of the profession for the best part of the year and will struggle immensely to get back to work or find any firm whatsoever that will want them. Everyone is locked in by the same constrains of not being able to recruit after dismissing people at their level. The fact that so many firms used Covid as an easy way out for “getting rid” of people rather than really putting them “on hold” just highlights the many problems our profession is faced with! So for the firms to announce that they’re doing “the honourable thing” by repaying that money isn’t something that redeems them. We all know and seen redundancy numbers. This was just a way to screw juniors by making it look like they care… very, very sad way to promote yourselves. Shame.

(6)(0)

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