CMS is reportedly cutting 15 roles in its real estate transactions practice in London, which will be the second redundancy round in the past 15 or 16 months.
The firm cut jobs last September when 19 jobs were cut and the further announcement for property lawyers signals some tougher economic times ahead for those who lose their jobs and their employers in the tight legal market.
CMS is one of the ten largest legal practices in terms of annual revenue in Britain and has taken an aggressive expansion in Europe over the past two decades been at the forefront of expansion in the European Union over the past 20 years. Six years ago it concluded one of the biggest mergers in the London legal scene.
However the firm’s growth has decidedly slowed in recent months with a decline in profit growth as the transaction market tightens.
