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US firm Cadwalader has launched a redundancy consultation in its London office, less than a month after losing 19 lawyers to Paul Hastings.
US firm Cadwalader Wickersham & Taft has launched a redundancy consultation in its London office, less than a month after losing seven of its partners and 12 associates to Paul Hastings (14 January).
Sources close to the firm said the consultation is likely to result in three lawyers, three paralegals and 10 support staff losing their jobs.
A spokesperson for the firm said: "Cadwalader Wickersham & Taft has today launched a redundancy consultation with certain employees in its London office, made up of both lawyers and support staff.
"We regret the potential loss of these talented professionals who have served the firm well. The firm remains committed to London and rebuilding the office."
The firm's managing partner Bob Link (pictured), who has flown in from the US to take charge of the London office, is understood to be meeting with support staff this afternoon to discuss the redundancy programme.
Link plans to take charge of the London office for 12 to 18 months with a view of rebuilding the practice after partners Karl Clowry, Conor Downey, Michelle Duncan, Justin Jowitt, Tom O'Riordan, Christian Parker and Charles Roberts defected to Paul Hastings.
Cadwalader had threatened to sue the seven partners (27 January), but has since settled with the group.
A statement from the firm said: "Cadwalader and Paul Hastings are pleased to confirm that an amicable resolution has been agreed between them regarding Cadwalader personnel.
"The goal of both firms has been to recognise the interests of affected employees. The terms of the agreement reached are confidential and none of the parties will be commenting further."
Following the Paul Hastings defections Cadwalader has four partners and 14 associates based in London.
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