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Andersen's employment lawyers define strategies to meet inflation challenges

| News | Employment Law and Social Security

This "mini-summit" of Andersen employment lawyers was organised by Victoria Caldevilla Carrillo, partner and head of Andersen's employment practice in Spain.

Fighting inflation, looking for ways to retain talent and adjusting costs were the three main points that Andersen's European group of employment lawyers discussed during three days in Madrid, as part of of the meeting that concluded last Friday.

Around twenty labour lawyers from countries such as Germany, Greece, Hungary, Italy, Poland, Portugal, Norway, Slovenia and Spain took part in the meeting. The venue was the offices of this international law firm in the Spanish capital.

At this Andersen meeting, the attendees were very satisfied.

"We have analysed all the economic changes that are taking place and that have inflation as their key element from four framework presentations to see the possible solutions to this problem that is worrying the whole of Europe. The data indicate that it will continue for at least the next two years", Caldevilla points out.

At this meeting, each speaker explained how the inflationary spiral could be tackled in the coming months.

One of the issues that has been noted is that, despite having different legislations, in these jurisdictions the measures can be the same to tackle its effects. In particular in all matters related to the corporate competitiveness.

Andersen believes that it will not, for the time being, pass on the cost of inflation to the fees that many firms invoice in the form of a monthly retainer to this international law firm.

The proposals are very tight and no extraordinary fee increases have been included.

In this internal discussion, the search for non-traumatic measures has been discussed. These industrial relations experts are aware that dismissal is the last ratio to be contemplated and that, in many of these countries, there are elements of flexibility that can be used in these times of crisis and uncertainty.

Lawyers and clients from England, France, the USA and Germany attended the meeting remotely, bringing the total capacity to more than 150 people, both in person and remotely.

The objective of this meeting was to design a roadmap for the next two years, where coordination between all Andersen offices in Europe will be greater to meet the needs of these clients, many of which are multinationals present in different jurisdictions.

In Spain the representatives were Victoria Caldevilla, partner and head of Andersen's employment practice in Spain and leader of the firm's European Diversity Committee., partner Germán Martínez and the directors of the employment practise of the Madrid office Raquel de la Viña and Clara Marín Hernández.

Andersen's employment practice now has more than 25 professionals. And it continues to grow.

This is the first time that this meeting, which has become a regular practice of this firm, has taken place in Spain. And it is the first meeting, after the two years of pandemic, a period in which meetings by video call were, of course, encouraged.

This working meeting followed a meeting of European partners from all jurisdictions in Berlin. There, they noted that Madrid was going to host a world meeting of labour lawyers organised by the International Bar Association, generally known as "the IBA".

The idea was to attend this meeting, as was done in practice, to subsequently hold the internal meeting that has just taken place, where one of the days was based on bilateral meetings with certain clients of this international law firm.

However, according to Victoria Caldevilla, with important issues to address, such as those related to the economic crisis, this IBA meeting was going to focus on issues such as diversity and other side issues.

You can see the full article in Confilegal.

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