Herbert Smith’s announcement this week that it is to cut up to 51 London jobs came as a result of last year’s partner restructuring, the firm has confirmed, with the number of roles available for newly-qualified (NQ) lawyers at the firm also set to fall.
The redundancy round, which will affect more than 3% of the firm’s City workforce, will focus largely on junior corporate lawyers, with 23 corporate fee-earners at risk of redundancy after the firm asked around 12 corporate and finance partners to leave at the close of last year.
