Thomas Eggar profits from cull

South East firm Thomas Eggar Church Adams will gain from the cull of a third of the Woolwich in-house team, revealed on The Lawyer website last Thursday.

The Woolwich has made four lawyers redundant under a plan to outsource more of its technical legal work and Thomas Eggar will receive a larger chunk of its commercial property work.

A spokesman from the firm says: “Thomas Eggar Church Adams has carried out property work for Woolwich for many years and has been asked, following the Woolwich's in-house strategic restructuring arrangements, to take on a significant amount of commercial property work.”

It is understood the four lawyers who have been made redundant were given four to six weeks' notice and will be leaving over the next month.

It is believed the lawyers are specialists in transaction work, including property, arrears, litigation, mortgage possession and forfeiture.

A Woolwich spokesman says that it has approached its outside legal advisers to ask if they will employ the laid-off lawyers. He says: “Some people have talked to some of the firms and others, but there is no formal programme.”

The bank's main advisers are Clifford Chance, Linklaters & Alliance, Allen & Overy, and Thomas Eggar.

The remaining in-house legal team will focus on commercial work. It consists of eight lawyers, one trainee, three secretaries, a legal executive and an administrator.

The Woolwich floated in 1997 and its in-house legal team underwent a major upheaval.

Its remit broadened to include repossession and conveyancing work and extra lawyers were employed. It is this area which has now been axed.