Shoosmiths confirms 86 job cuts after two-month consultation
Shoosmiths has confirmed it is making 86 members of staff redundant following a two-month consultation process that came to an end yesterday (23 July). The cuts comprise 71 voluntary and 15 compulsory redundancies, and primarily affect the firm's volume motor personal injury team, which is based in Basingstoke.
July 24, 2012 at 08:52 AM
2 minute read
Shoosmiths has confirmed it is making 86 members of staff redundant following a two-month consultation process that came to an end yesterday (23 July).
The cuts comprise 71 voluntary and 15 compulsory redundancies, and primarily affect the firm's volume motor personal injury team, which is based in Basingstoke.
Confirmation of the cuts comes after news emerged in May that the national law firm had placed 93 roles at risk in a restructuring of its consumer arm, Access Legal. However, after a period of consultation, seven roles have been retained.
The firm declined to provide more details on those affected by the cuts or the specific terms of the redundancy packages on offer.
At the beginning of the consultation period, private client practice group chief David Palmer said the firm was carrying out the "fundamental restructuring" to "re-balance away from very high volume bulk processing of personal injury work".
In a statement, Palmer added: "It is very regrettable that we had to make redundancies as part of the restructuring. This has been a difficult time, and those affected have conducted themselves with professionalism and dignity throughout the consultation process. We wish them well in the future."
Shoosmiths has endured a disappointing 2011-12 financial year, seeing revenue fall 3.3% to £84m and profits per equity partner tumble 20.5% to £295,000.
However, the firm has recently announced more positive news with the confirmation of a Scotland launch via a merger with Edinburgh firm Archibald Campbell & Harley, as well as an appointment to serve as Krispy Kreme's sole UK legal services provider.
The news comes amid redundancies at a number of other UK law firms, including Pinsent Masons, which is set to cut around 40 back office jobs following its recent merger with Scotland's McGrigors, and Addleshaw Goddard, which is set to lay off up to 24 fee earners in order to rebalance a "top-heavy fee earner structure", according to the firm.
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