Lovells has launched a redundancy consultation that could see up to 94 London staff lose their jobs.
The month-long consultation, which kicked off yesterday, includes 18 fee earners and six professional support lawyers.
The remaining cuts come from the firm’s support staff, with 43 business support and 27 secretaries facing the ax.
The layoffs cover the majority of the firm’s practice areas, although no fee earners will lose their jobs in the dispute resolution, business restructuring and insolvency, intellectual property, media & technology or pensions practices. Trainees will not be affected.
Lovells’ half-year results outperformed many of its London rivals, with the firm recording a 15% increase in turnover, with litigation and IP cited as strong performers.
Income jumped from £225 million ($334.5 million) in the first half of 2007-08, to £260 million ($386.5 million) for the first half of 2008-09.
Lovells is a London-based international law firm with over 300 partners and around 3,200 employees operating from 26 offices in Europe, Asia and the United States. It is one of the largest international legal business practices in the world.
Posted by Erik Even
on February 9, 2009. Filed under Home,Law Firm News,Layoffs.
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