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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.
Hammonds has confirmed that it is to axe up to 95 employees with most job losses expected to be in the corporate and real estate groups.
The firm has confirmed that 42 fee earners, none of whom are partners, and 53 support staff face the axe as part of its redundancy consultation launched earlier this month (TheLawyer.com, 6 November).
Hammonds managing partner Peter Crossley said the firm anticipates the actual number of cuts will be lower than 95.
“We hope the number of actual redundancies will be fewer than the indicative figures, since we will be looking to retrain and redeploy a number of people who will be displaced,” said Crossley. “However we are taking a prudent approach, given the unpredictable market conditions that all law firms are facing.”
Crossley added that the firm would like to reiterate that it is with regret that Hammonds has found itself in this position. He said: “We are doing everything we can to keep staff informed and to expedite the process. We will offer our full support to those leaving the firm.”
Hammonds’ 95 possible losses means that the total number of redundancies has now hit 958 for The Lawyer’s top 200 law firms (TheLawyer.com, Legal Job Watch).