Eversheds has launched its fourth redundancy consultation with 22 real estate lawyers at risk.
The national firm is in talks with real estate lawyers spread across its UK offices and will pay those leaving will receive the statutory minimum in redundancy compensation. This will equate to one week’s salary for every year worked for those who have been with the firm for over two years, in addition to normal salary payments throughout any notice period.
Eversheds head of real estate Julie Stobart said: “There will be roughly two lawyers lost in real estate in each office. We’re also considering various flexible working options.”
The firm is discussing flexible working initiatives such as job sharing and sabbaticals.
Stobart said: “We’re encouraging people to come to us with ideas on flexible working.”
Earlier this year the firm cut 10 members of staff from its London-based real estate team in its March round of redundancies.
In September last year The Lawyer reported that Eversheds had cut a total of 33 employees and closed its Norwich office in response to the property market downturn (4 September 2008).