The firm announced today that up to 42 staff in the UK will be affected by the cuts, with salaried partners, fee earners and support staff all included in the consultation.
The firm declined to comment on how many fee earner positions are likely to be axed as a result of the consultation.
Olswang said the final number could be lower, with HR director Ffion Griffith and CEO Kevin Munslow heading a staff consultation group that will look at ways to reduce job losses, such as unpaid leave, reduced working hours or reduced working weeks.
Olswang has 682 employees worldwide, including 242 fee earners and 104 partners, and has UK offices in London and the Thames Valley.
Olswang trainees and the firm’s plans for newly-qualified recruitment will not be affected by the review, which is expected to be completed by the end of March.
Founded in 1981, Olswang also has offices in offices in Reading, Brussels and Berlin.