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Bevan Brittan has launched a second redundancy consultation in a bid to stave off wider cuts at a later date.
Chief executive Andrew Manning said up to 11 per cent of positions would be affected, the equivalent of 45 employees, including 17 fee earning roles.
The corporate and real estate practices have been most adversely affected, said Manning.
“We’ve taken the difficult decision to act now to reduce costs; the longer we wait the deeper the cuts would need to be to achieve our annual targets,” he said.
Bevan Brittan reported a 35 per cent rise in average profits per equity partner at the 2008-09 year end. This came after the firm took steps to cut overheads through making 31 roles redundant in June 2008.
Manning said the previous consultation exercise was necessary “because our overheads were not appropriate for the size of the firm”. This time around, he added, “it’s because of the wider market conditions like everyone else”.
Staff across the firm’s three offices, which are in Bristol, Birmingham and London, were informed of the consultation this morning.
Last month, Bristol-headquartered Burges Salmon announced it was to cut 27 business staff and four property lawyers as part of an internal restructuring drive (31 August 2009).