Osborne Clarke set to make redundancies
Osborne Clarke is set to make redundancies, entering into consultation with 13 fee-earners and confirming that a small number of partners are also being shown the door.
Managing partner Simon Beswick explained that an internal review indicated a shift in client preference towards cutting costs by using junior lawyers, and that the firm was therefore too top-heavy.
Beswick said: "We are increasingly seeing clients seeking greater value for money and expressing a preference for less leverage and partners working more frequently with junior lawyers. As such, we have too much senior resource with lawyers hitting up against this issue.
"We had hoped the situation would unwind itself however it is with regret that we have had to put 13 fee-earners from small pockets across the business at risk of redundancy.
"When we looked at the situation, we also found we had small pockets of overcapacity in our partner ranks as well as senior fee-earners and we have taken steps to address that as well."