DWF confirms redundancy consultation as part of business services restructuring
DWF, a top 25 UK law firm, has announced a redundancy consultation for more than 100 staff members, including fee-earning lawyers and business services employees. The consultation, affecting 108 employees across the firm’s commercial services and central services divisions, is part of a strategic move to adapt to evolving client demands and ensure long-term, sustainable growth.
A DWF spokesperson stated: “Our strategy is to achieve long-term, sustainable growth. This includes being responsive to the economic environment and ensuring our teams reflect the changing needs of our clients. We are in the process of conducting a consultation with 108 colleagues (around 2% of DWF’s workforce), and we expect some of these roles will be made redundant.”
Embed from Getty ImagesThe redundancy announcement comes as part of broader structural adjustments after DWF’s acquisition by private equity firm Inflexion in 2023. This follows a turbulent period, including the firm’s exit from the London Stock Exchange. Under Inflexion’s guidance, DWF aims to continue its expansion, with a global M&A strategy, particularly focusing on the US market.
Despite the challenging decision to reduce staff numbers, DWF’s financial performance has been strong, with the firm reporting a 14% revenue increase to £435 million for the year ending 30 April 2024. Additionally, DWF has been growing internationally, hiring over 60 insurance litigation lawyers in Australia and adding 10 corporate and commercial lawyers from Hogan Lovells in Warsaw.
