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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 is putting secretarial jobs at risk across all of its UK offices with the potential of launching a formal consultation over the next few months.
The firm employs around 100 non-lawyer staff in its offices across Birmingham, London, Exeter and Manchester and has asked if secretaries are willing to take voluntary redundancy.
A spokesperson said: “We have been undertaking a review of our UK secretarial services over the last few months with a view to restructuring them.
“No final plans have yet been confirmed, however, we felt it was appropriate at this stage to ask if any secretaries would be interested in voluntary redundancy. The terms on offer are enhanced over the statutory minimum.”
The story was first reported on website Roll On Friday. The consultation comes as Trowers scales back its international plans to focus on its UK offices. It is in the process of bolstering its Birmingham team, adding public sector partner Amardeep Gill and projects and construction partner Andrew Vickery (26 March 2014).
But an expensive London office move hit the firm’s bottom line last year as profits fell £10m. According to its LLP accounts last year Trowers’ revenue dropped 3.6 per cent and the firm took out a £3m overdraft facility (11 December 2013).
A loss-making Egypt office also proved problematic for the firm. It closed its Cairo office citing uncertainty over the long-term outlook for Egypt (3 January 2014) and also terminated its alliance in Riyadh in 2012 when its last associate left to join the firm’s Saudi Arabia associate Feras Alshawaf Law Firm (23 February 2012).