The number of layoffs proposed at Eversheds are unconfirmed but the cuts (allegedly nicknamed ‘Project August’), which only affect the firm’s real estate team, are expected to reach double digits. Eversheds chief executive David Gray said: “Like every other business in these difficult market conditions, we continually review our operations. When and if decisions relating to our operations are made, our people and our clients will be the first to be told.”

Cobbetts also announced last week that up to 10 members of staff, including fee earners, could be made redundant as the firm reviews its real estate team. Cobbetts also attributed the potential cuts to the downturn in the property market and confirmed that the consultation would affect the real estate teams in both Leeds and Manchester.

This follows reports of other national firms suffering under the present economic conditions earlier in the week.

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