Howard Kennedy to cut up to ten employees
Howard Kennedy is set to make up to ten redundancies. The firm has yet to effect a planned merger with Finers Stephens Innocent to create Howard Kennedy FSI. The tie-up was supposed to take place on 1st November, but has now been pushed back to 1st February.
The ten redundancies follow the decision to cut 10 per cent of the partner ranks in February. The firm originally claimed that the merger would prompt an aggressive recruitment drive, but things seem to have gone in the opposite direction.
Meanwhile a spokeswoman denied that the redundancies had anything to do with the proposed merger, saying that "it is important to stress that this is a standalone Howard Kennedy restructuring process and not related to the merger with Finers Stephens Innocent in any way".