Law firm Hammonds has become the latest casualty of the credit crunch as it has announced a redundancy consultation process.
Managing partner Peter Crossley said: “Unfortunately, difficult market conditions have made it necessary for us to review staffing levels and we are now commencing a consultation process which will result in a small number of redundancies across the firm.
“It is a matter of great regret that we find ourselves in this position, but these are unique market conditions and we would not be proposing these redundancies if we felt we had any real alternative. We will, of course, be looking to retrain and redeploy any staff potentially affected and will offer our full support to those leaving the firm.”
Hammonds refused to say how many of its 1,043 staff would be affected.