Cluttons is in consultation with all of its staff as it prepares to make more than 20 redundancies.
The company, which employs around 600 people, is taking the necessary cost saving in response to the decline in transactional work.
Around 10 staff representatives, which includes two from each of the company’s divisions, will be elected by the end of the week to consult with staff.
Bill Siegle, who takes over from senior partner Richard Cotton next year, said the firm was consulting with all UK staff so that the process is transparent.
‘We don’t know how many it will be,’ said Siegle, ‘but we entered the consultation because we think it will be more than 20.’
He said some staff had asked about voluntary redundancy, and the firm would be looking to redeploy staff to its Middle Eastern business which is performing strongly.
It has not been decided which divisions staff will go from, though the consultancy side of the business is performing more strongly than the transactional divisions.
In September Property Week revealed the firm had entered into a consultation with staff, and since the start of the year the company has made 27 redundancies.