Dozens of staff members at the merged firm Ince Gordon Dadds have been put on notice of redundancy.
Listed firm Gordon Dadds completed the £27m acquisition of top 50 firm Ince & Co at the end of December and has now kick-started the process for scrapping duplicated roles.
A spokesman said: ‘Naturally as with all mergers there are synergies that can be found. A redundancy consultation process will begin next week, however we are committed to exploring ways to minimise the number of employees affected and no final decision has been made as of yet.’
It has been reported that around 45 roles are affected, mostly support staff previously based at Ince & Co.
Maritime specialist Ince & Co had its own redundancy round in 2018, as it confirmed the loss of 32 jobs in its London office last summer.
The firm entered administration on 31 December with insolvency specialist Quantuma brought in to handle the process.
Gordon Dadds acquired the business for a total consideration of £27.3m in a pre-pack deal. The deal included the transfer of 24 equity partners who have committed to Ince Gordon Dadds for a minimum of 18 months.