Ashurst to cull up to 50 partners in Australia?

How can Paladin Mining afford to sue a small website, using the services of an even poorer Ashursts Australia?

Maybe because the money is coming from somewhere else perhaps? I am gathering data that links WPP group of companies with Ashursts.. For instance, Ahursts have a department in Japan since 2002. they work with industrial and other corporations in matters of litigation and other legal matters.. one company they work with in Japan is Dentsu, who are owned by WPP. Dentsu have been implicated in the most horrendous cover ups concerning the contamination of Japan by the Fukushima Daichi disaster.

The Daichi nuclear disaster has been covered extensively on this blog (nuclear-news.net).

However Paladin do have things they want kept quiet, such as the use of Australian taxpayer money to use as part of their PR campaign to win hearts and minds in Africa.

So is the Australian government footing the bill for these legal actions against the Australian press and bloggers? aided by the worlds biggest conglomorate of PR and Media companies?

And there is the UK connection too!

WPP who are implicated in Tax fraud and deception, have returned to the UK since 2011 owing to even better tax evasion conditions. Ashursts are a UK firm and London is the centre for mining corporations and transactions.  An important customer base for WPP who help to manage the bad image and failing economies of these businesses.

The UK is also the centre for Nuclear research and development and supports biased science that proports to claim that there are no effects of note from nuclear accidents.

The advertising money lobbying power of these corporations were even able to mostly tame the Guardian newspaper.. This was after a successful nuclear promotion that began in the early 2000`s. And this catapulted the nuclear futures and mining of uranium profits to new levels!!

Then Fukushima Daichi happened.

Now I believe that part of the war on resources is to buy or steal all the uranium mining areas of the globe and then to restrict the uranium mining to push the price up to a level that does not cause such a loss. At the moment china has other direct sources of uranium but they are disappearing and china has no uranium deposits of note, though it does have a monopoly on some other metals etc

The war on resources is NOT being peacefully negotiated, it is being fought for!

The legal, media and governmental agencies are all promoting their versions of reality to the public to limit any public backlash to these corporate and governmental crimes,

One point to note. Why shut down a small blog when so many others are allowed to get away with so much more? Is the CEO of a broke Ashurst really being paid by a broke Paladin? or is there something more?

i am currently having problems with the internet/computer etc and will post links relevant to and in support the above statement when i can use more than 1 browser window at a time?? 😦

Also, i can not post articles easily though i will try.. in the meantime, for posterity i will leave you with this very recent article concerning the very broke Ashurst Australia..

17 hours to post this article.. LOL! I luv windows XP ! cant use facebook either as it keeps jamming the computer,, ?? does david icke and alex jones have these problems??? not bleedin` likely mate!! ?? !! ?? i will let you decide what that is all about how are they still in operation as real news bloggers are crucified by the legal and security apparatus..FOOD FOR THOUGHT PERHAPS????

Thank you Christina for keeping us all informed.. Nuclear is a dead duck!! its obvious to any fool!

My heart goes out to the front line staff at Ashursts Australia! and I mean that! you were doing your jobs as specified and you got shat on! In the middle of a Global financial reccesion. If you are feeling bitter about this, there IS something you can do! Email;

arclight1132011-lemmingbites@yahoo.co.uk

Be careful to not leave a trail that goes back to you andIi will deal with any information by placing it on a server in ICELAND!! Land of Freedom of speech and protected servers.

Arclight2011 (aka sean)

The net profit for Ashurst’s non-Australian practice grew by just over 5 per cent in 2011-12 to £112 million ($170 million) derived from revenue of £322 million.

However, it is understood that ­current equity partner drawings for Australia are “through the floor”.

It means the profit gap between the Australian business and its inter­national counterpart could be much bigger than forecast when merger talks began in late 2011

Claire Stewart

Major law firm Ashurst is secretly planning to cull up to 50 of its 189 partners in Australia in an attempt by local management to make profit margins more attractive ahead of an upcoming vote for a financial tie-up with the global operation.

Sources close to the firm say the cuts could be a “bloodbath” and are concerned it may have disastrous consequences for the future of the domestic practice.

• Opinion | Ashurst cull carries some big risks

Ashurst Australia managing partner John Carrington refused to discuss the matter yesterday. He was travelling back from Dubai with chairmanMary Padbury and deputy managing partner Helen McKenzie.

National firm Blake Dawson merged with UK giant Ashurst and took on its name in March last year amid a spate of tie-ups between local and foreign partnerships.

Since then, the local operation has been under financial pressure and management is reportedly struggling to meet fiscal targets imposed as a final condition of the full tie-up.

Partners had been due to vote in 2014 on whether to progress to the full financial merger but that has now been brought forward to around October this year. A possibility that the UK practice may actively seek a US merger partner is adding more pressure.

The Australian Financial Review spoke with several people close to the firm who declined to be named, given the highly sensitive nature of the plan. But all expressed concern about the possible extent and speed of the proposed cuts.

“It will be the day of the long knives. It will be a bloodbath,” one source said.

As the third-largest partnership in Australia, the firm has 132 equity partners and 57 salaried partners in six cities locally and in Asia through a joint venture with Ashurst in the region.

Those 189 partners take Ashurst’s global tally of partners to 422.

But the jobs of at least 20 and up to 50 local equity partners are in jeopardy. Some are expected to be sacked, while others may be moved to salaried partner level.

“Firm collapses historically are usually triggered by partner exits. So if you go and push out 50 partners yourself…well … they’re already on a precipice, in my view,” a source said.

It is understood the practice groups that will be targeted include the Sydney and Melbourne corporate teams, the national energy and resources and insurance practices – and potentially some government and employment partners.

“There is a lot of uncertainty and nervousness among partners at the moment,” another source said.

Sources said the Australian management would probably avoid a ­partnership-wide announcement in favour of discreet visits to targeted individuals by Mr Carrington, which could begin next month.

“They have a habit of going off for Christmas and running lists of ­people and then coming back and chopping them. That’s how it’s been done several times,” a source said.

Tough market conditions have meant many large firms are not expecting significant revenue or profit growth over the course of this financial year. Ashurst Australia’s revenue rose 4.7 per cent to $398 million in 2011-12, when its top partners earned as much as $1.8 million with a bonus. Most equity partners received between $800,000 and $1 million.

The net profit for Ashurst’s non-Australian practice grew by just over 5 per cent in 2011-12 to £112 million ($170 million) derived from revenue of £322 million.

However, it is understood that ­current equity partner drawings for Australia are “through the floor”.

It means the profit gap between the Australian business and its inter­national counterpart could be much bigger than forecast when merger talks began in late 2011. This is despite Ashurst Australia’s figures benefiting from a strong Australian dollar against the pound.

“The dollar has stayed high which is fortunate, because otherwise I think [the merger] would have been off. I’d be very worried about what happens when the dollar normalises,” an insider said.

In December the firm also offered redundancies to a number of staff, which it explained as an adjustment to a challenging market.

It is understood that when the Australian partners voted on the March 2012 merger, none were told of a plan to drastically cut the partnership. However, many viewed some future cuts as necessary.

“Australia accounts for almost half the partner count of the global firm so the notion that there could have to be cuts wasn’t unexpected,” a source said.

There was also an expectation that the firm, like others in Australia that conducted global mergers, would reduce its practice group focus and the number of partners in non-fee earning management positions.

http://afr.com/p/national/legal_affairs/axe_aimed_at_ashurst_partners_H6VHy1q9Htl13Hfx2LNXON

For the record, spotted this advert on nuclear-news.net.. it seems intermittent.. this is a screenshot of the page while i was signed out of wordpress.. The advert should not be there?? It did not appear on any other articles? and it disapeared when i signed on to wordpress..

It took me 30 mins plus to paste the picre below and another 29 mins to get this link to the article shown below? It finally took me 7 hours to research and post this article and a further 4 minutes to write this last line! sorry about the scrappy nature and any typos! i need a break|!  Sakaido Hantai!!

The PR company is connected to the legal company that is connected to the mining company that are all connected to the Nuclear industry and paid for by the Japanese, UK, Australian and likely USA Tax Payers.. !! (article in summary)

i will endevour to find an easier way of blogging than using my ?superfast? broadband in future posts.. I will return!!

https://nuclear-news.net/2013/01/29/petition-to-save-nuclear-news-net-and-antinuclearnews-net/

Not sure if this isnt part of a “Fit Up” by the corporations or not.. please let Christina know if you are seeing adverts on this blog.. many thanks!!

February 3, 2013 - Posted by arclight2011 | Uncategorized