DLA Piper cuts six lawyers in Hong Kong
DLA Piper has made six lawyers redundant in its China equity capital markets team in Hong Kong. Reports say that the fee-earners were laid off at the end of last year along with a small numer of support staff.
There was no formal redundancy consultation, since Hong Kong law does not require the conduct of such a process.
The reports say that the six were awarded the statutory minimum redundancy package: two-thirds of the last full month’s wages, or HK$15,000 (£1,300), whichever is less, for every year of employment.