As the banks face up to further difficulties and the markets lurch from one day to the next, it’s deja vu time for our redundacy headline. Following the bad news from Field Fisher Waterhouse and A&O yesterday…

Denton Wilde Sapte has announced a redundancy consultation, which will put up to 80 employees on the chopping block across the firm’s London and Milton Keynes offices. 40 fee earners could be laid off when the consultation is concluded towards the end of February.

Meanwhile, Howes Percival made six fee-earners redundant last week in the Milton Keynes office. Predictably, the axe was swung in its residential conveyancing and remortgaging department. It is also understood that some employees have been reduced to working four days a week.

Finally, on a more drastic note, Leeds-based, Fox Hayes has gone into administration with Begbies Traynor  appointed as administrators. It is understood that some 115 jobs could be lost, although not many of these will be fee-earners.