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Wragge & Co Targeting 85 for Redundancy

Top Birmingham, UK law firm Wragge has announced a redundancy consultation, targeting 85 fee earners, support staff and secretaries. It has also implemented a salary freeze.

The firm is also considering four-day weeks, sabbaticals, unpaid leave, job sharing, and other cost-saving schemes.

Wragge’s profits were down 15% from last year, to £104.3 million ($172.6 million).

In September 2008, 24 people left the firm in a combination of voluntary and compulsory redundancies.

Birmingham, UK’s Wragge & Co was founded in 1834 by George Paulson Wragge hand Clement Ingleby. The firm has offices in Brussels, Guangzhou, London and Munich.

Erik Even: