Type
Merger/Acquisition
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Professional Services
Professional Legal And Technical Acconuting Activities
Legal And Accounting Activities
69.1 - Legal activities

300 jobs
Number of planned job losses
Job loss
Announcement Date
21 March 2017
Employment effect (start)
Foreseen end date
30 April 2017

Description

In preparation for the merger of law firms CMS UK, Nabarro and Olswang in May 2017, the management teams of the firms have confirmed that 300 business support services and secretarial jobs will be cut. The affected employees have been made redundant and will leave the firms by the end of April 2017. After a review of business services support roles, 650 support staff  have been offered positions in the merged firm, which will be known as CMS Cameron McKenna Nabarro Olswang. According to a statement issued by the three firms after the conclusion of the redundancy consultations, the majority of the job cuts will be carried out through voluntary redundancies.


Sources

Citation

Eurofound (2017), CMS Cameron McKenna Nabarro Olswang, Merger/Acquisition in United Kingdom, factsheet number 90599, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90599.