Eversheds set to axe 13 posts at Leeds office

0
Have your say

LAW firm Eversheds yesterday revealed that 13 staff at its Leeds office could be at risk of redundancy following a strategic review of the business.

Eversheds, which has around 430 staff in Leeds, said that the staff affected were from all levels and grades within the business.

The firm stressed that alternatives to redundancy, such as redeployment and relocation, would be considered wherever possible. A process of consultation began yesterday.

A spokesman for Eversheds said that, following a detailed management and operational review, a number of changes would be implemented across the firm. These changes are designed to align the firm’s operations to its new three-year strategic plan.

Paul Cotton, Eversheds’ Leeds office senior office partner, said yesterday: “Having established a new, clear strategy for the firm, we are now implementing the management and operational changes that will turn our strategic objectives into a successful operational reality. The overall performance of the firm to date this year has been in line with our expectations, although there has been some variable performance across certain geographies and practice areas.

“While we are always prepared to ride out cyclical issues, our view is some markets in which we operate have undergone fundamental change rendering our current structure unsustainable, which, when taken together with our new strategy, has led us to take the decisions announced today.”

A spokesman for Eversheds said: “In the UK, we are realigning our business service functions such as marketing and IT and facilities, closely to our business streams and client base.”

Eversheds, which had a turnover of £366m in the last financial year, is also proposing changes in its real estate and parts of its company commercial practice areas.

In a statement, Eversheds said the firm “must have regard to the anticipated volume of transactional activity in the medium term” despite the fact the profile and value of the work it does is increasing. Eversheds plans to open an office in Beijing this year.

It plans to close its business in Copenhagen. Eversheds is exploring opportunities to transfer some of the Copenhagen team to a “potential relationship firm”.