Norton Rose Fulbright has axed 30 jobs across its Australian offices, in a move that took effect earlier this month (14 November).
A total of 12 fee earners and 18 support staff were affected, but the firm is yet to disclose which offices and practice areas are involved.
The firm said the raft of redundancies are a response to local market conditions.
A spokesperson commented: “Like other professional services firms in Australia, we have responded to changes in the local market. We will continue to concentrate on our primary areas of growth: financial institutions, energy, infrastructure, mining and commodities, transport, technology and innovation, and life sciences and healthcare.”
Norton Rose Fulbright has seen a few departures from its Australian offices in recent months. In October Brisbane finance partner David Lyons moved to Herbert Smith Freehills (1 October 2013), after partner Glen Warwick left the firm to launch Clyde & Co’s Australian projects and construction practice in Perth (10 September 2013).
A number of recently-merged firms have made redundancies in Australia over the past year. Last December Ashurst made an undisclosed number of job cuts in reaction to poor market conditions (13 December 2012), while DLA Piper’s partner headcount dropped from 114 to 107 between July 2012 and July 2013. King & Wood Mallesons also reportedly made a number of staff redundant in Australia in May.
Over the course of the 2012/13 financial year, Ashurst Australia, Clayton Utz and King & Wood Mallesons saw turnover fall by 2.4 per cent, 4.1 per cent and 3.2 per cent respectively.