Eversheds to cut costs with travel restrictions
Eversheds has brought in travel restrictions in a bid to reduce outgoings across the law firm.The restrictions, which affect staff in all practice groups - from partner through to support staff -mean a line manager needs to grant permission for any travel within the firm.Instead the firm is intending to increase the use of video and telephone conferences, although client-related travel will not be affected.According to the firm, the restrictions have allowed it to cut travel expenses by up to 25% over the last few months in certain practice areas.Eversheds finance director Claire Hafner commented: "By introducing our travel plan, we are adapting our business practices in line with our clients' expectations in the current economic climate."Other cost-cutting measures recently announced by law firms include Olswang cancelling its staff Christmas bonus and weekend trips as a result of the tough market conditions.Separately, Eversheds has struck a deal with outsourcer Williams Lea to send out some volume work from its legal systems group and is considering further outsourcing to the company. Graham Richardson, Eversheds legal systems group head, said: "In response to excess demand from clients, we have outsourced some early stage mortgage litigation work."
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