Pinsents set for first redundancy round since McGrigors merger
Pinsent Masons is set to cut around 40 back office jobs across the firm in light of its recent merger with Scotland's McGrigors. The redundancies are expected to be made in the firm's HR, IT, facilities and business development functions, with no fee-earner roles affected by the cuts. The news was first reported on RollOnFriday today.
June 25, 2012 at 06:56 AM
2 minute read
Pinsent Masons is set to cut around 40 back office jobs across the firm in light of its recent merger with Scotland's McGrigors.
The redundancies are expected to be made in the firm's HR, IT, facilities and business development functions, with no fee-earner roles affected by the cuts. The news was first reported on RollOnFriday today.
After launching the review last week, the firm will enter a redundancy consultation which is likely to close by the end of July. The firm would not confirm the number of expected departures from each of its UK offices or details of the redundancy packages it will offer.
The announcement comes after the confirmation of the merger of Pinsents and McGrigors, which went live in May. A Pinsents spokesman said: "Since the merger, the firm has embarked on an exercise to review existing support structures and consider what changes would be needed to provide the highest level of support to the combined business.
"Unfortunately, as with any merger, there are a number of duplicate roles within our support teams and as such we have identified a small number of potential redundancies in those areas."
Pinsents is the latest of a string of firms to announce redundancy rounds, with Addleshaw Goddard set to cut 24 fee-earner roles, while Herbert Smith recently concluded a consultation that resulted in 43.5 full-time equivalent City staff cuts.
Pinsents previously made changes to its structure after the merger, when it scaled back its global practice and industry sector group focus from 10 to four.
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