Redundancy Watch: Bevan Brittan and Eversheds
The axe has started swinging in earnest again as firms brace themselves for a lean patch. Bevan Britan is set to cut up to 45 roles including 17 fee earners and 28 support staff positions across the firm’s three offices in Bristol, Birmingham and London. Corporate, real estate and parts of employment are likely to be the most impacted areas. The firm reported a 35 per cent rise in average PEP at the 2008-09 year end although the increase was largely …
The axe has started swinging in earnest again as firms brace themselves for a lean patch.
Bevan Britan is set to cut up to 45 roles including 17 fee earners and 28 support staff positions across the firm’s three offices in Bristol, Birmingham and London. Corporate, real estate and parts of employment are likely to be the most impacted areas.
The firm reported a 35 per cent rise in average PEP at the 2008-09 year end although the increase was largely down to the firm’s earlier layoffs with the exit of 31 employees in June 2008.
Meanwhile Eversheds is entering a fourth round of redundancy talks. Up to 117 employees across its UK offices face the chop and are set to receive the statutory minimum in redundancy compensation. Real estate lawyers are likely to be the worst affected fee-earners. Eversheds has conducted three redundancy consultations over the last 18 months with more than 80 lawyers losing their jobs as a result.
Grim news as we head into winter.
September 14, 2009
For a firm that claims to be up there with the best, I find it staggering that Eversheds have paid stat min at every turn.
September 14, 2009
it will be noticed when the market picks up and there is a shortage of associates