Listed firm DWF is to lay off around 40 employees following its autumn redundancy consultation. The practice confirmed that around 40 members of its secretarial and support workforce will lose their jobs. In June, roughly 60 people – including 13 partners – were laid off after DWF decided to shut its offices in Brussels and Singapore. Operations have also been scaled back in Dubai and Cologne.
The City has announced a host of redundancy consultations in recent weeks. Over 50 jobs are at risk at Clyde & Co, including fee earner and secretarial roles. Meanwhile, Dentons has opened a redundancy consultation which could affect up to 24 fee earners. The firm said Covid-19 had accelerated its digital strategy, and it hopes the number of redundancies will be ‘significantly reduced’ by the creation of virtual roles.
DWF shares on the main market of the London Stock Exchange slipped 2.7% to 86.2p on today's news. They have risen steadily since a low of 46.2p in July.