Forty redundancies at Addleshaw Goddard

Addleshaw Goddard has announced plans to make 40 redundancies in its business services division support staff, as part of a major restructure. The cuts follow reports that the firm suffered a 3% dip in turnover from £167.5m to £162m in the last financial year. The redundancies are not the only changes occurring at the firm. Addleshaws also has plans to put most of its non-partner services and costs under a new subsidiary company in a bid to become more tax efficient, and to overhaul its management structure by merging its governance board and executive leadership team into a single board. In addition, the firm has revealed plans to launch offices in Singapore and Dubai later this year. Managing partner Paul Devitt said: "Even allowing for current economic and market pressures, the returns we generated from the business last year were disappointing and we have a very clear strategy and vision to drive better performance this year and in future years.

Forty redundancies at Addleshaw Goddard Tue, May 24, 2011