Trowers set to cut further 25 jobs amid ‘continued slowdown’

UK law firm launches fresh round of job cuts in real estate team after axing 18 lawyer roles last month

UK law firm Trowers & Hamlins has launched a redundancy consultation, with around 25 jobs in its real estate practice under threat. 

The news comes just a few weeks after the firm let go of 18 lawyers, including six partners, in a round of job cuts that mostly affected its real estate team. 

A Trowers & Hamlins spokesperson commented: “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 circa 25 across our four UK offices.    

“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.”

The latest round of job cuts at Trowers follow it emerging in September that CMS had begun a redundancy consultation affecting its UK corporate practice, amid a continuing slowdown in global deal activity. 

The consultation continued a steady stream of cuts among leading firms on both sides of the Atlantic that has predominantly impacted US tech-focused firms and kicked off last December when Cooley said it would axe 150 US employees including almost 80 attorneys. 

Then, in January, Goodwin Procter said “approximately 5%” of its “timekeeper” and operations personnel had been affected. Other firms known to have cut staff include Dechert, Shearman & Sterling, Davis Wright Tremaine and Reed Smith.

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