Top Bermuda law firm axes jobs
Conyers Dill & Pearman has made 13 people redundant, The Royal Gazette understands.Sources told this newspaper that Bermudian and non-Bermudian employees were affected, including lawyers and support staff.Conyers declined to comment on the job cuts.The Gazette contacted Bermudian lawyer Brian Holdipp at his home yesterday to ask him if he was one of those affected but he declined to comment.Mr Holdipp returned to Bermuda from a two-year secondment in Singapore in March last year.Staff were informed of the job cuts last Friday.Conyers, which is one of Bermuda’s longest established law firms having set up on the Island in 1928, now has offices in 11 countries, including Brazil, Dubai and Singapore, and employs more than 150 lawyers worldwide.The law firm advises a Bermudian and international clientele on multi-jurisdictional legal issues in the practice areas of corporate, company and commercial; litigation, restructuring and insolvency; and trust and private client services.The redundancies follow a string of lay-offs across the Island in recent months, including at Ace Ltd, which revealed plans last month to cut 17 jobs from its Bermuda workforce this year.In March 2010 Bermuda Telephone Company (BTC) announced it would be reducing its staff base by about 25 employees or more than 12 percent in a bid to reduce costs and restructure its business and a month later HomeZone closed, with 14 employees affected, as a result of the economic downturn.Fund administrator Butterfield Fulcrum axed 10 staff from its Bermuda office in August last year following a review of the distribution of work at its operational centres.At the end of last year Bermuda Press Ltd let go 14 people due to a restructuring of operations and three jobs were made redundant at Furniture Flair following a change of ownership.