Legal Week reports that the Kent-based company confirmed the cuts last week as part of a major restructure following Royal Bank of Scotland (RBS) releasing control of the insurer earlier this year.
A spokesperson added that a large proportion of the cuts would be made at the company’s head office, meaning the legal team ‘would definitely be impacted by sizeable cuts’.
The company’s legal department currently has a headcount of around 40 staff, including 27 lawyers, overseen by general counsel Humphrey Tomlinson.