Danish big five firm Accura has made a handful of redundancies in its real estate team, citing sustained macroeconomic pressures that have supressed deal flow. The firm declined to specify how many lawyers in its team had left the firm, instead calling the move a “minor adjustment of the real estate organisation to the current […]
Listed firm Knights has become the latest firm to make lawyers redundant across the country, The Lawyer can reveal. It is understood that both partner and associate roles have been cut across the firm’s restructuring and insolvency, corporate, and real estate teams. The redundancies have taken place across the firm’s offices in the UK, with […]
BCLP is to let go of nearly 50 staff members across its UK and US bases, the majority of whom work in the firm’s business services departments. Bryan Cave Leighton Paisner’s latest round of layoffs marks the firm’s third round of redundancies since its 2018 merger. The firm added that no fee-earners in the UK […]
New details have emerged around the cohort of associates made redundant from CMS last autumn. Sources have told The Lawyer that the group of corporate lawyers let go in the September 2023 consultation round included an associate in the early days of her maternity leave. Other accounts reveal that at least one among the discharged […]
EY UK has launched a redundancy consultation for lawyers in its UK division. The potential process could impact 24 roles, as outlined in a call on 16 January. A spokesperson from EY said in a statement: “EY regularly reviews the resourcing needs of the business. “We can confirm that 24 employees from EY’s UK Financial […]
Trowers & Hamlins has kicked off a second round of redundancies in its real estate team, following another consultation in the firm earlier this year. It emerged last month that the first round of cuts had resulted in 25 lawyers, including some partners, exiting the firm. The latest development means Trowers could be letting go […]
A wave of redundancies continues to hit the legal market as Trowers & Hamlins and Mishcon de Reya are the latest to make cuts within their firms. First reported on RollonFriday, Trowers has begun a redundancy consultation that will thin the real estate and real estate finance teams by 25 lawyers, with partners also understood […]
These are painful times for CMS corporate associates, who were informed three weeks ago that the firm would be carrying out layoffs and that up to 19 roles were at risk. The first take: CMS plays firmly in the City low-to-mid-market and has suffered from the dearth of deals, AIM floats and venture capital fundraising. […]
Linklaters has kicked off a redundancy round due to the economic slowdown in China, axing 30 roles across its three offices in the region. The Lawyer understands that the affected lawyers sit within the equity and debt capital markets, corporate and banking teams across the firm’s Beijing, Shanghai and Hong Kong offices. A spokesperson for […]
Taylor Rose MW is the latest firm to kick off a redundancy process as a result of the difficult economic climate, The Lawyer has learnt. It is understood that a consultation with employees is “well underway” and that the firm’s office in Birmingham could be closed in the process too. The office currently houses six members […]
CMS is carrying out a formal redundancy process among its associate ranks. The Lawyer understands the redundancies affect the firm’s corporate department and stem from a slowdown in transactional activity. In addition to this, many firms over-hired in the pandemic when activity levels were higher. This has led to pressure on teams to stay busy […]
Bryan Cave Leighton Paisner (BCLP) is cutting roles in its business services teams globally after an internal audit. The firm is making 47 of its business services positions redundant. The majority of the roles are based in the US with 34 people being made redundant across 17 of its offices in the country. A further […]