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Bevan Brittan has cut seven positions, including two lawyer roles, as a result of a redundancy consultation, the firm said today.
The Bristol-headquartered firm said in May that three associates and senior associates from its commercial and infrastructure team had been put at risk of redundancy, along with six support staff from human resources and finance (23 May 2013). The consultation was launched the firm felt the effects of government spending cuts across the board.
Bevan Brittan today said seven of a total nine positions put at risk had been cut with the firm’s commercial and infrastructure team both losing a lawyer position. The remaining five roles comes from support departments, including two from human resources and three from finance.
The firm reported a 3 per cent drop in its revenue for 2012/13, from 2011/12’s £33.8m to £32.8m. Average profit per equity partner (PEP) also dropped 15 per cent from £304,000 to £258,000. Managing partner Duncan Weir attributed the drop to the challenging economy as well as continued delays in significant government funding for large infrastructure and services projects (19 July 2013).