Olswang is set to make 10 people redundant from its real estate department.
Olswang announced today that it is restructuring its property practice, a move which has resulted in consultations that are expected to lead to five associates and five secretaries losing their jobs.
A firm released a statement, which said: “Olswang is restructuring its real estate group. The firm is in consultation with five associates from the London office (which accounts for 1.45% of the firm’s fee earners) regarding potential redundancies. There are a corresponding number of voluntary redundancies of secretarial staff.”
In September Olswang senior partner Mark Devereux told The Lawyer (10 September, 2007) that the firm was launching a six month marketing campaign aimed at boosting the firm´s corporate department.
Under the stewardship of former chief executive Jonathan Goldstein, Olswang sought to boost its real estate department so that it accounted for 20 per cent of the firm´s turnover – a target it has yet to reach.
Olswang´s statement continued: “Olswang continues to invest in the real estate group at both partner level and newly qualified with the recent hire of planning and regeneration partner Richard Keczkes, and the appointment of four associates, boosting the group.”