Ince & Co has launched a redundancy consultation with 10 shipping and finance fee-earners and six secretarial staff.
The process is expected to last no more than three weeks, with the business support staff being offered voluntary redundancy.
The consultation with fee-earners is expected to be quicker because there is no voluntary aspect to it.
The decision to cut overall numbers in London by less than five per cent follows an assessment of the economic conditions in the firm’s core sectors, Ince said.
“We’re sorry to see colleagues leaving and we will be working closely with our clients and other contacts who may be looking for high quality recruits,” the firm said in a statement. ”All our leavers will be offered outplacement support and significantly enhanced departure packages and we wish them well.”
Growth slowed at Ince & Co in 2012/13 when the firm posted a 1.7 per cent increase in turnover from £91.6m to £93.2m. A year earlier the firm saw its turnover increase by six per cent to £91.6m from £86.2m (12 July 2013).
However, the firm grew in Beijing with the appointment of Chinese shipping veteran lawyer Guo Xu from China Ocean Shipping Group (COSCO) as a consultant (4 March 2013). The firm also boosted its London aviation group with the addition of barrister Hugh O’Donovan, who joined the firm from Quadrant Chambers to head the group.