Maclays set to make private client redundancies

Scottish firm Maclay Murray & Spens has announced that it has begun a redundancy consultation in its private client team.

Following a strategic review four support staff and two lawyers in the private client team are at risk of losing their jobs.

Confirming the consultation, news of which broke on Roll on Friday, a Maclays spokesperson said: “We can confirm that we are in consultation with four admin support staff and two lawyers in the private client department, who are at risk of being made redundant. This move is the result of a strategic review to focus on those services which are most closely aligned to the needs of our clients and which can deliver long term profitable growth for the firm in the face of a rapidly changing legal marketplace. There are no plans for redundancies in any other area of the firm.

“We are very aware of the personal impact of this process on the individuals affected and will be working with them to provide appropriate support and assistance in the coming weeks.”

Earlier this year it emerged that Maclays had been in merger talks with Bond Pearce, but both firms decided to call an end to the discussions (14 March 2012).

Fellow Scots firm Dundas & Wilson also had merger discussions with a UK firm, Bircham Dyson Bell, which later broke down, and has subsequently announced job cuts (24 February 2012).