The firm would not reveal which practice areas had been affected, but denied rumours that 20 per cent of the corporate team across all offices was made redundant.

"All our staff [members] were provided with career transition support and severance payments, and in some cases support is ongoing," the firm said in a statement.

"While this has been a challenging process for everyone, we believe that the measures we have taken will ensure the business remains competitive with the right mix of skills and experience for the current environment," it said.

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- Sarah Sharples