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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.
Stephenson Harwood is set to cut an undisclosed number of support staff, following a review of its secretarial and document production services in London.
The firm intends to undertake a “significant reorganisation” of its support teams, with a view to cutting costs.
A spokesperson said: “Regrettably the proposed reorganisation will entail a reduction in secretarial and document production staffing levels and will inevitably result in some redundancies.”
The firm declined to comment on the number of roles expected to be cut, or the alternative structure it intends to put in place.
According to the firm’s LLPs for the 2012/13 financial year, it has 180 support staff on its books – an increase on the 173 recorded the previous year.
In reducing support staff numbers, Stephenson Harwood is continuing a trend set by a number of firms over the past year. Last month, DLA Piper cut 69 staff from its document production team as part of an ongoing review of the business (17 January 2014).
In October 2013, 26 full-time equivalent Wragge & Co staff members opted to take voluntary redundancy after the firm transferred a cohort of its support staff to a third-party provider (14 October 2013).
Ashurst also cut 120 support staff roles from its City base in October, following the opening of its new low-cost office in Glasgow last June (4 October 2013).
At the half-way point of the 2013/14 financial year, Stephenson Harwood reported a turnover of £57m – a 10 per cent uptick in revenue on the £51.4m figure it posted at the same point last year (22 November 2013).