Fasken Martineau to close in Paris and consults on 70 London posts

The firm says that the two events - the November closure of the 12-lawyer, four-partner Paris office and the consultation of possible redundancies in London, including 20 of the 22 partners - are separate.
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Fasken's accounts show that profit has dropped in recent years, from £7.2m in 2012/13 to £5.9m in 2013/14

A source said that the Paris office had been opened with the aim of working in French-speaking areas of Africa, but that this ambition had not been realised. The decision to close this part of the Canadian firm was taken in March.

Natural resources

Turnover has, meanwhile, been falling in London. The intention now, however, is to keep the London office open and focus on its natural resources practices. Source: The Lawyer

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