Insurance litigation firm BLM has entered into a consultation that could result in nearly 30 roles being cut, just weeks after 50 back office staff also lost their jobs.
The firm is moving the processing of bulk motor cases away from Southampton to Manchester and Liverpool. As part of the process, 19 lawyers and 10 business support staff will lose their jobs.
Mike Brown, senior partner at BLM, said: ‘With government reforms affecting the volume motor space, we propose to consolidate our motor centres, with the volume work in Southampton being transferred to Liverpool and Manchester.
‘This is about preparing for what lies ahead and adapting our business model to make sure we're fit for the future – both for our people and our customers. Regrettably this proposal, post-consultation, could affect the positions of 29 colleagues in the firm.’
It is BLM’s second round of redundancies this year. The firm cut 50 roles among its support and secretarial staff at the start of August following an earlier consultation.
The news coincides with BLM’s latest financial results. Figures show a healthy rise in profit per equity partner, though profits and revenue have fallen for the third year in a row.
PEP increased by 20% from £192,000 to £232,000. However, net profit slipped 12% from £14.8m to £13m and revenue also took a slight hit, down to £106.7m from £107.7m (0.9%).
Although partner profits are up this year they are still not as high as the £265,000 posted in 2014/15.