The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Cobbetts has entered redundancy consultations with staff in its real estate practice, including partners.
The firm is aiming for a single figure headcount reduction, across all levels and practice areas of its Leeds and Manchester real estate departments.
Managing partner Michael Shaw said: “As a result of the impact of the downturn in the property market and the implications of this on the firm in the short and medium terms, Cobbetts is carrying out a review of its property business, with a view of entering into a consultation process with some employees.
“This process may result in some redundancies but it is anticipated that only a limited number of people will be affected. Until the consultation process is completed, it would be inappropriate for us to comment further.”
Cobbetts’ real estate practice comprises 127 fee-earners in total.
Earlier in the year, Cobbetts lost a five-strong property finance team for Halliwells, in the wake of Cobbetts' partnership shake-up (as first reported by The Lawyer, 28 April).