Jobs in property under threat as Eversheds responds to slowdown
Eversheds has launched a consultation programme that could see 33 real estate lawyers made redundant. The consultation, announced last week, sees 33 property lawyers, as well as a number of support staff, across six offices set to lose their jobs as a result of the poor economic conditions and the decline of the real estate sector.The consultation, which will last for one month, comes after an internal strategic review, dubbed 'Project August', which was exclusively revealed by Legal Week. Some of the planned job cuts stem from a decision by longstanding client Taylor Wimpey to reduce the number of external legal advisers it uses and to move work in-house. Plot conveyancing work carried out by the firm's Birmingham and Norwich offices were most affected by this move by the client.As a separate part of the review Eversheds is proposing to merge its Norwich and Cambridge operations into one location in Cambridge, with the Norwich office set to close.
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