Manchester-based Linder Myers enters redundancy round
Linder Myers is reported to have entered into a redundancy consultation, with up to 50 jobs at risk.
The move was made upon the recommendation of Assure Law, which was brought in to invest in the firm as part of a refinance deal agreed between the firm’s bank, RBS, Assure Law and its creditors. Linder Myers was on the brink of entering administration at the time, and the deal was concluded to avoid that outcome.
Since then, the firm has spent two years acquiring firms, but has found itself needing to cut costs.
The firm said the consultation was the first time the firm had ever put roles at risk but that Assure had recommended it. It added that the firm had undergone a period of dramatic growth in over the past two years and was in the process of working out how to integrate its long list of acquired firms (13 February 2014).