Insurance law firms announce job cuts as technology and tough market conditions bite
Two law firms with sizeable insurance divisions have announced job cuts.
Pinsent Masons has started a redundancy consultation, ending in November, with all its legal personal assistants, meaning 100 jobs are likely to go.
Legal personal assistants can apply for 50 team administrator roles.
The firm said: “Over the past year, Pinsent Masons has invested significantly in technology and other resources to achieve this as efficiently as possible.
“One of the consequences is that our resourcing levels among PA staff and the needs of the business are no longer aligned.”
Pinsent Masons is following a similar path to BLM, which last month said it would cut 50 roles among its support and secretarial staff.
Meanwhile, another one of the major insurance law firms, troubled outfit Slater and Gordon, revealed today it will cut 7% of its workforce.
No UK employees are affected by the restructure.
The firm has been rocked by its disastrous acquistion of Quindell’s legal business, plumetting the firm to a $546.8 million loss for full-year 2017.