London firm Bircham Dyson Bell has made three fee earners redundant, with one further cut still being consulted on. The firm's real estate team has been hardest hit, losing two lawyers with a third facing the axe. The final job cut is in the firm's corporate team.Bircham Dyson Bell attributed the cuts to the downturn in the commercial and residential property markets, stating that the effect of the credit crunch had taken its toll on transactional levels. Separately, the firm also confirmed that it has budgeted for no growth in its real estate department this year.
October 14, 2008 at 09:57 AM
1 minute read
The original version of this story was published on Legalweek
The firm’s real estate team has been hardest hit, losing two lawyers with a third facing the axe. The final job cut is in the firm’s corporate team.
Bircham Dyson Bell attributed the cuts to the downturn in the commercial and residential property markets, stating that the effect of the credit crunch had taken its toll on transactional levels. Separately, the firm also confirmed that it has budgeted for no growth in its real estate department this year.
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