Shepherd and Wedderburn has managed to avoid making compulsory redundancies as it looks to complete the integration of Tods Murray, which it acquired earlier this year, into one office.
Troubled markets: Allen & Overy lays off four Moscow associates as firms face sanctions fallout
The US and EU sanctions in Russia are taking their toll on some of the international firms located in the country with Allen & Overy’s (A&O) Moscow office offering redundancy packages at associate level.
Blood from a stone: Walker Morris withdraws from personal injury market as Co-op Legal announces PI job cuts
The post-Jackson reforms have claimed further victims as Leeds-based Walker Morris has announced it is to close its personal injury (PI) business, while Co-operative Legal Services has confirmed its personal insurance division is undergoing a restructuring which is likely to result in around 60 job cuts.
Around 48 staff are at risk of redundancy as a result of the closure at LB100 firm Walker Morris’ PI arm, named Distinctly Legal, with the firm blaming ‘the Legal Aid Sentencing and Punishment of Offenders Act (LASPO) changes and the continuing turmoil in the personal injury marketplace.’
Law firm collapse: SRA intervenes to close down insolvent Follett Stock
Set against a backdrop of over 100 UK law firms currently under threat of closure for failing to obtain professional indemnity insurance, South West law firm Follett Stock is the latest to fold after the Solicitors Regulation Authority (SRA) announced yesterday (6 November) that it had closed down the insolvent firm.
The SRA’s intervention means the Truro-based firm, which also had offices in London, Exeter and Bristol, has been forced to stop operating with immediate effect after being served a winding-up petition by HM Revenue & Customs (HMRC) in August.
Continue reading “Law firm collapse: SRA intervenes to close down insolvent Follett Stock”
TLT announces 10% hike in turnover as Maclay Murray kicks off redundancy round
As Bristol-based TLT yesterday posted a double-digit hike in turnover and announced a dual hire to launch an office in Manchester, in contrasting fortunes Glasgow-based Maclay Murray & Spens became the latest UK firm to announce a redundancy consultation in a move that could affect up to 30 roles. Continue reading “TLT announces 10% hike in turnover as Maclay Murray kicks off redundancy round”
Redundancy round continues as BLP latest to announce fee-earner cuts
Berwin Leighton Paisner (BLP) has become the latest major UK law firm to announce job cuts as firms increasingly examine their business models in light of a sustained slump in market activity.
The top-20 City firm announced today that is has entered a redundancy consultation affecting around 58 legal staff, 44 secretarial staff and some business services staff, with a target reduction in salary of 15% in the latter group. Continue reading “Redundancy round continues as BLP latest to announce fee-earner cuts”
Hill Dickinson to review its business to maintain profitability
Unusually for a firm that has averaged 10% growth over the last five years and posted a 22% leap in profit per lawyer in 2011/12, national firm Hill Dickinson has announced a review of its UK business today (30 April), which could lead to redundancies.
The firm, which employs more than 1,400 people including 190 partners, confirmed it would be reviewing its range of services and geographical reach, which it anticipates will lead to the restructuring of a number of unspecified teams. Continue reading “Hill Dickinson to review its business to maintain profitability”