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.
Up to 43 members of staff are set to lose their jobs at Leeds firm Fox Hayes, taking the total number of UK 200 redundancies to 722.
Twenty-five members of staff, including 10 fee-earners, have already been made redundant at Fox Hayes. A consultation has just been launched with a further 18, eight of whom are fee-earners.
All of those affected are in the firm's property conveyancing department.
Managing partner Peter Drazen told The Lawyer: "We've got one of the largest conveyancing practices in the country. Turnover will be down to £9m this year [from £10.1m last year], which is why we have to make redundancies."
He added: "This year is a question of micro-managing the business. If anyone says they are doing well at the moment, they must be lying."
The 43 members of staff constitute 17 per cent of Fox Hayes' total headcount of 254, while the 18 fee-earners make up 12 per cent of the total fee-earning capacity of 149.