Burges Salmon to cut 31 jobs in second redundancy round
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Burges Salmon is set to make up to 27 business services staff and four property lawyers redundant as part of the second phase of its internal restructuring.
Chris Jackson
The Bristol firm launched its cost-cutting drive in March, making 18 associates redundant and deferring start dates for seven of its future trainees.
Now, after completing a review of its business support function, the firm has announced a second redundancy consultation due to start next week.
Managing partner Chris Jackson said: “The proposals we’re announcing today are the culmination of the business services and secretarial review we started in March, aimed at achieving enhanced and more efficient levels of service delivery and also represent a considered response to the continuing depressed conditions in the property market.”
The firm confirmed that those being made redundant would be offered packages in excess of the statutory minimum.
Burges Salmon’s average profit per equity partner (PEP) fell 23 per cent to £409,000 during the 2008-09 financial year, and the firm is in the process of completing its move to new headquarters in Temple Quay in 2010.
However, it remains one of the most profitable firms in the South West with PEP remaining ahead of Bristol rival Osborne Clarke.
