Fieldfisher zipped its lips about the cuts
An insider at Fieldfisher has told RollOnFriday that the firm has made over 27 staff redundant.
The source said that the London-headquartered firm had put secretaries on notice with "at least 27 to go." Voluntary redundancy is not an option, as the partners will decide who goes, according to the source. Presumably because the firm wants to control who is made redundant.
The firm refused to give any comment, so the number of redundancies may differ - if you're at the firm and have been affected, do get in touch.
Meanwhile, Ince has cut 50 staff. In the firm's AGM statement it said that lawyers and support staff had been made redundant in areas where the firm did not expect business to "recover sufficiently in the medium term” from the pandemic.
The firm is also potentially following in Slater and Gordon's footsteps and cutting office space in the future, as it said its current premises “may be too large or may no longer be suitable”. Ince referred to an opportunity for a break in their tenancy "within the next three years" to give them "flexibility" to meet "changed working practices" and the potential for "further operational cost savings".
Ince also confirmed that dividend payments remained suspended due to the pandemic’s impact on business.
Other firms have slashed jobs during the pandemic, including Addleshaw Goddard, DWF, Irwin Mitchell, Reed Smith, Dorsey & Whitney, Brethertons and Fladgate. Although many firms appear to be riding the storm, with relatively few lawyer redundancies having been announced so far. And the big City firms have told RollOnFriday that they're absolutely flying.