Taylor Wessing is set to axe 22 secretarial roles as its redundancy consultation involving all 96 of the firm’s current UK-based secretarial staff comes to a close.
The firm said that the cuts, first announced six weeks ago (18 June 2013) are in response to an “in depth analysis” of its secretarial resource. As a result, Taylor Wessing will be cutting its total number of secretaries by 22, instead creating a new “secretarial service desk” staffed by about 15 assistants.
All those made redundant were invited to apply for vacant roles outside of the secretarial remit or under the new secretarial service desk banner.
Under the firm’s updated model, all of the firm’s secretarial functions will report to a newly created head of secretarial services role, who in turn reports to the firm’s COO. The new structure will brought together in a business services group.
The firm said: “We believe the implementation of this new model will provide our fee earners and clients with an enhanced, efficient and responsive secretarial service across the practice.”
Taylor Wessing reported a 7 per cent increase in global revenue for the 2012/13 financial year, from £212.5m to £228m (29 May 2013). The firm’s global net profit held relatively steady, creeping up from £75.7m to £75.8m, while its UK profit per equity partner dropped from £601,000 in 2011/12 to £544,000 last year.