Eversheds confirms 75 job cuts as it completes outsourcing

Eversheds has cut 75 jobs across its Birmingham, Cardiff and Leeds offices as a result of a back-office outsourcing agreement with Accenture it announced in August last year.

The outsourcing, which has seen more than 350 of Eversheds’ financial support processes taken on by Accenture in Bangalore since the deal was agreed, is due to be completed by September, with the firm predicting no further redundancies.

The bulk of the job losses were in Birmingham, where 10 were made redundant in human resources (HR) as well as 20 in financial services, while Cardiff saw 20 redundancies in its financial services team and Leeds 15 in financial services support. Overall, the back-office team has shrunk by 88 roles, with 13 departures attributed to 
natural attrition.

The final tally is lower than initially expected as the consultation looked at 100 jobs in finance and HR across the three offices as a result of the Accenture deal, which covers matters such as general accounting, billing and collections, and business processes involved from procurement to payments.

Eversheds managing partner Lee Ranson commented: “It has been a staggered process, where we haven’t proceeded until certain quality thresholds were reached. As we’ve gone through the process we have tried to add and retain people wherever necessary.”

The final phase of the transfer will see more of the HR processes moving to Bangalore.

Eversheds’ UK financial support department now has 75 full-time staff with a further 60 staff in its HR team.