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Top-tier firm to sack 117 employees

Top-tier firm to sack 117 employees

A mega firm has entered into its fourth round of redundancies, putting 117 roles under threat.

INTERNATIONAL firm Eversheds has entered into its fourth round of redundancies in the UK, putting 117 roles under threat.

The announcement will affect up to 22 fee earners in its real estate practice in what the firm said was a result of the negative economic climate and long-term decline of the real estate sector, reports Legal Week. 

The re-evaluation of the business will also look to introduce a number of flexible working alternatives including sabbaticals and reduced hours.

In addition, the firm is set to cut up to 95 secretarial posts nationally, in a bid to save up to £2m (AUD$4m) a year through an outsourcing deal Eversheds signed with South African-based outsourcing company Exigent.

The biggest impact it likely to be on the firm’s data production team based in London and Leeds.

Eversheds managing partner, Lee Ranson, said: “While it is always regrettable to lose people, there is no doubt that the profession needs to adapt as a result of technological advances and the ever-increasing need to deliver value.”

The first redundancy consultation, which was launched in September 2008, put 33 real estate fee earners and a number of support staff at risk, while a November review consulted on 45 fee earner positions as well as support roles. In April this year, six lawyers in real estate lost their jobs.

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