They keep on coming. Following a reported 17% drop in turnover, Wragge & Co has announced a second redundancy round with up to 85 people facing the axe. Fee-earners, support staff and secretaries will all be in the firing line. Revenues at the firm have fallen from £125.6m in 2007-08 to £104.3m in this year’s results; profits per equity partner have not yet been finalised but some commentators have estimated it at 30% less than last year’s figure of £483,000.

A number of alternatives to redundancy are being looked at such as four-day weeks, sabbaticals, unpaid leave, job-sharing, career breaks and extended maternity and paternity leave. The hope being that most of those involved in the consultation will stay with the firm. In addition, cost savings will include a salary freeze and a cut in newly-qualified rates from £63,000 to £57,000 in London and from £41,000 to £36,500 in Birmingham.

More on Wragges redundancies:

Redundancy Watch: Wragge & Co begins consultation. 30 Jobs culled.