Barlow Lyde & Gilbert (BLG) has launched a redundancy consultation with 49 staff and an undisclosed number of fee earners.
It comes just weeks after the firm offered half of its September trainee intake £2,500 to defer for six months.
In a statement chief executive Clint Evans said: “This is not only a response to current market conditions in which many of our clients are themselves facing costs pressures, but also part of a wider project of modernisation intended to safeguard the firm’s future prosperity as an employer.”
The firm recently announced its intention to open an office in Manchester after hiring personal injury duo Rob Muttock and Mark Hemsted from DLA Piper. The office is expected to open in August.
no wonder they’re tight lipped – for a predominantly litigation firm to have to make such deep cuts is quite something.