The cuts have affected staff in the commercial property department as well as other practice areas across the firm. According to Wedlake Bell, the staff have received enhanced redundancy packages and outplacement services.
Philip Mathews, managing partner of Wedlake Bell, said: “As with nearly all other major commercial law firms we have had to review how the turbulence in the credit markets is impacting on our portfolio of services and the composition of our respective teams.”
He added: “It is obviously regrettable that we have had to make these redundancies and we will be looking to offer all the support that we can to departing colleagues.”
Wedlake Bell is the latest firm to cut staff, after redundancy consultations hit 43 at Ward Hadaway and 40 at Cobbetts last week.
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I'd just get a job where you can
From: Rob
Worry about the short term for now, the long term can wait.
Wedlake Bell redundancies
From: Anonymous
As a CoL student, how can WB preach to us that they are a firm worth joining but will be laying off staff in their other departments. I think the phrase 'last in, first out' applies in this economic climate.
Wedlake Hiring and Firing
From: Anonymous
I am a CoL student, and, ironically, today I received an email from the careers service advertising an open evening Wedlake are hosting in an attempt to recruit trainees....
Wedlake Bell Bottoms
From: Anonymous
Only six lawyers? That doesn't sound like too much. Does anyone know which practice areas they come from?