Irwin Mitchell Cuts 'About 10' Partners Following Review
A number of partners across the firm's offices will be leaving following 'difficult decision'.
May 10, 2019 at 06:48 AM
2 minute read
Irwin Mitchell has cut about 10 partners from the firm following a review of its business.
The firm said in a statement that a "very small number of partners" from across several offices will be leaving.
The cuts have affected about 10 partners, according to one person with knowledge of the situation.
The firm's statement added that the decision was made as "part of our plan for continued profitable growth".
The firm currently has 261 partners, which includes the firm's eight partner promotions for 2019. In mid-2018, it had 238 partners.
The firm's full statement read: "Following a review of the future needs of our business, a very small number of partners from across our offices will be leaving Irwin Mitchell. Whilst these decisions are always difficult, it is an important part of our plan for continued profitable growth. We can't comment further while discussions are ongoing.
"The Irwin Mitchell Group performed very well in the latest financial year, with turnover up for the ninth consecutive year and increased profit year on year."
Irwin Mitchell had a profitable 2017-18 financial year, after making a total loss of about £2.5m in 2016-17.
Profits rose to £6.9m, and shareholders were paid out £1m – a 9% increase on 2016-2017.
At the start of this year, the firm doubled the size of its leadership team with the appointment of five new executive board members, which it said at the time would lead to "better and more informed decisions".
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