Cuts and redundancies

Revealed: CMS redundancies included a lawyer on maternity leave

New details have emerged around the cohort of associates made redundant from CMS last autumn. Sources have told The Lawyer that the group of corporate lawyers let go in the September 2023 consultation round included an associate in the early days of her maternity leave. Other accounts reveal that at least one among the discharged […]

EY ernst young

Redundancies hit Big Four giant EY’s legal team

EY UK has launched a redundancy consultation for lawyers in its UK division. The potential process could impact 24 roles, as outlined in a call on 16 January. A spokesperson from EY said in a statement: “EY regularly reviews the resourcing needs of the business. “We can confirm that 24 employees from EY’s UK Financial […]

London towers, office City

Trowers redundancies: Another 25 roles at risk

Trowers & Hamlins has kicked off a second round of redundancies in its real estate team, following another consultation in the firm earlier this year. It emerged last month that the first round of cuts had resulted in 25 lawyers, including some partners, exiting the firm.  The latest development means Trowers could be letting go […]

Trowers makes cuts in real estate

A wave of redundancies continues to hit the legal market as Trowers & Hamlins and Mishcon de Reya are the latest to make cuts within their firms. First reported on RollonFriday, Trowers has begun a redundancy consultation that will thin the real estate and real estate finance teams by 25 lawyers, with partners also understood […]

CMS redundancies: the partners will be next

These are painful times for CMS corporate associates, who were informed three weeks ago that the firm would be carrying out layoffs and that up to 19 roles were at risk. The first take: CMS plays firmly in the City low-to-mid-market and has suffered from the dearth of deals, AIM floats and venture capital fundraising. […]

Linklaters

Linklaters cuts 30 roles due to “prolonged downturn”

Linklaters has kicked off a redundancy round due to the economic slowdown in China, axing 30 roles across its three offices in the region. The Lawyer understands that the affected lawyers sit within the equity and debt capital markets, corporate and banking teams across the firm’s Beijing, Shanghai and Hong Kong offices. A spokesperson for […]

Redundancy

Taylor Rose kicks off redundancy round to “carefully manage costs”

Taylor Rose MW is the latest firm to kick off a redundancy process as a result of the difficult economic climate, The Lawyer has learnt. It is understood that a consultation with employees is “well underway” and that the firm’s office in Birmingham could be closed in the process too. The office currently houses six members […]

Bryan Cave Leighton Paisner, BCLP

BCLP makes global cuts in business services

Bryan Cave Leighton Paisner (BCLP) is cutting roles in its business services teams globally after an internal audit. The firm is making 47 of its business services positions redundant. The majority of the roles are based in the US with 34 people being made redundant across 17 of its offices in the country. A further […]

Dechert to make job cuts in London

A consultation process has begun in Dechert’s London office, as part of a global redundancy round that will affect 5 per cent of its workforce. In total, 98 individuals globally are impacted split between 55 lawyers and 43 business services professionals. While the firm did not provide a London breakdown of expected job cuts, a […]

Goodwin announces cuts across US offices

Goodwin Procter has kicked off a redundancy round that is to affect fee-earners, paralegals and other business services staff in its US offices. In an internal firm document viewed by The Lawyer, sent by chairman Robert Insolia and managing partner Mark Bettencourt, the firm attributed a slowdown in demand coupled with “staffing levels too high” […]