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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.
Trowers & Hamlins has made 17 members of staff redundant in its London office, following a third consultation at the firm. This brings the total number of redundancies at the firm to 28.
The cuts come across both fee-earning and support departments, but Trowers declined to comment on the practice groups involved.
The redundancies follow the announcement that the firm’s London office will see four associates being made up to the partnership this year out of a total of eight firm-wide promotions (25 March).
The firm has a total of 709 members of staff globally, 450 of whom are based in London.
Earlier this year Trowers cut one fee-earner in Exeter and three in its Manchester plot sales teams (2 March).
Trowers was the first firm to make job cuts in the Middle East since the economic downturn began. The Lawyer revealed in February that five jobs were cut in Dubai, one in Muscat and one in Riyadh (23 February). Six of these employees were associates and most of them were in project finance.
At the end of last month, the firm announced that it would be cutting six distinct benefits for Middle East staff, some of them with immediate effect. These include payment of employee utility bills, flights home, recreation club allowances, provision of landlines, faxes and internet, petrol and vehicle expenses and a currency protection scheme (2 April). The salary review scheduled for 1 May was also cancelled.
Local staff argued that the changes would result in a significant dip in their disposable income.