Shakespeares has launched a fresh redundancy round with 19 secretarial roles put at risk of being cut across its seven offices at the end of the month.
The firm launched the consultation with 19 of its 100 secretaries, with five positions expected to go from its insurance team in Birmingham and 13 across the firm’s other offices, a source close to the firm confirmed today.
Shakespeares will also create 18 new administrative roles, nine of which will be “comparable” to the secretarial positions according to the source, while nine will be back office positions based in cash office and document management.
Some of the departing secretaries may be hired as adminstrators, performing paralegal as well as secretarial work.
Shakespeares has been expanding rapidly for the past six years, with two bolt-on acquisitions announced earlier this week, adding 97 new members of staff (5 September 2013). The firm has confirmed the addition of Leicester-based Marrons, first mooted in May (31 May 2013) while also tying up with Coventry-based Newsome Vaughan.
Shakespeares first launched a redundancy consultation in September last year (5 September 2012) cutting 54 roles following its largest merger to date with Harvey Ingram in July (16 July 2012), which made it the second largest in the Midlands behind Wragge & Co.
At that point staff numbers had doubled – shooting from 398 to 680 by April 2012. This year the firm’s revenue increased by 34 per cent, going from £29.6m in 2011/12 to £39.6m in 2012/13 (1 July 2013).