Top Birmingham, UK law firm Wragge has announced a redundancy consultation, targeting 85 fee earners, support staff and secretaries. It has also implemented a salary freeze.
The firm is also considering four-day weeks, sabbaticals, unpaid leave, job sharing, and other cost-saving schemes.
Wragge’s profits were down 15% from last year, to £104.3 million ($172.6 million).
In September 2008, 24 people left the firm in a combination of voluntary and compulsory redundancies.
Birmingham, UK’s Wragge & Co was founded in 1834 by George Paulson Wragge hand Clement Ingleby. The firm has offices in Brussels, Guangzhou, London and Munich.
Posted by Erik Even
on June 11, 2009. Filed under Home,Law Firm News,Layoffs,World News.
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