Law firm Cobbetts stressed no job cuts were looming at its Birmingham office, as the property downturn is forcing it to review staffing in its real estate departments elsewhere in the country.
The firm said that as a result of difficult trading conditions in the sector, it was reviewing its property business with a view to enter a consultation process with some employees in its real estate teams in its Manchester and Leeds offices. Cobbetts said any restructuring would be likely to affect a limited number of the current 127 fee earners working in the real estate practice across the entire firm.
The firm said the total number of people likely to be affected was “in the single figures” and stressed there would be no impact on the Birmingham office.
Cobbetts’ managing partner Michael Shaw said: “As a result of the impact of the downturn in the property market and the implications of this on the firm in the short and medium terms, Cobbetts is carrying out a review of its property business, with a view of entering into a consultation process with some employees. This process may result in some redundancies but it is anticipated that only a limited number of people will be affected.
“Until the consultation process is completed, it would be inappropriate for us to comment further.”