As Real Estate lawyers, they appreciated the innovative design from their office straight to the exit
Trowers & Hamlins has launched a redundancy consultation with 25 lawyers in its Real Estate team, following a recent cull just last month.
The firm axed 18 lawyers in Real Estate (including six partners) in October, bringing the running total to 43 jobs having been cut, or at risk, within the same practice area.
A Trowers & Hamlins spokesperson, commenting on the latest redundancy round, told RollOnFriday:"In order to best align our real estate team to changing client requirements, and in light of a continued slowdown in market conditions, it has become necessary for the firm to enter into a formal redundancy consultation with our real estate department in the UK."
"We anticipate that the number of roles affected will be around 25 across our 4 UK offices," the spokesperson added. "As ever, we are deeply committed to the wellbeing of our colleagues and this move has not been taken lightly. We are working to keep the number of those ultimately affected as low as possible whilst also protecting the longer-term strength of the firm".
With a dip in the Real Estate market, it remains to be seen if other firms with big property departments, also have a cull.
In other news in the sector, four partners in Irwin Mitchell's Birmingham Real Estate and Corporate team are jumping ship to join Hill Dickinson in Leeds. The quartet appear to be following in the footsteps of IM's former head of employment, Glenn Hayes, who also recently made the switch to Hill Dicks. Irwin Mitchell was gracious in its statement, as a spokesman said: "We thank those leaving for their contribution during their time with Irwin Mitchell and wish them well in the future".
Meanwhile, an Allen & Overy insider told RollOnFriday that the firm has been making voluntary redundancies in their finance team, mainly of senior associates. The source said that the Magic Circle firm has “done it very quietly as everyone who wanted to take it, did take it”. It is not known whether the redundancies are connected with the merger, or indeed whether or not it's true, as the firm did not respond to requests for comment.