Cobbetts starts flexi-working in bid to save jobs

Cobbetts has introduced a four-day week across its transactional practice groups in a bid to avoid making and further job cuts.

Cobbetts managing partner Michael Shaw (pictured) confirmed that the measure had been introduced as well as flexible and part-time working and job sharing arrangements.

Both fee-earners and support staff in the firm’s transactional practice groups will be affected by the new measures.

Shaw said: “We’re doing this because we value those who work for us.

“There’s not been the pick up in real estate and corporate and so we need to respond to this.

“We’ve implemented a number of measures across the transactional teams, but litigation remains healthy.”

Shaw added that the firm will discuss the progress of the cost reduction initiatives at the end of each month and will carry out a full review at the end of October.

He said: “We’re determined to emerge from the current global downturn as a strong and competitive business, and these types of decisions are a difficult but vital element in that process.”

Cobbetts laid off 69 people in the last financial year.