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Dickinson Dees managing partner Jonathan Blair has confirmed that the firm has entered into redundancy talks with its banking team.
The banking practice, which is headed by partner Deborah Kirtley, escaped cuts during the firm’s three previous redundancy rounds (12 February 2009). In the 2009-10 financial year the firm made a total of 83 redundancies and saw lawyer numbers drop from 256 to 243, and the number of partners from 76 to 67.
Managing partner told Jonathan Blair told The Lawyer: “Dickinson Dees has entered into consultation with staff in its banking team, with a proposal to reduce headcount by two fee-earners in a team of seven.
“While the firm had not previously considered redundancies in this area, the impact of the recession has led to a need to review staffing in the team. While consultation is underway the firm is unable to comment further, other than to say that it hopes that it’ll be possible to achieve a reduction in staffing through voluntary redundancy.”
Blair added that the firm was not in redundancy talks with any other parts of its business. The banking team’s clients include Bank of Scotland, Barclays Bank, RBS, Northern Rock, Nationwide, Lloyds TSB and HSBC.