In the Media

​Parabis cuts 24 jobs in Croydon

PUBLISHED October 24, 2014
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Professional services firm Parabis is to cut 24 jobs from its Croydon-based claimant firm Cogent Law.

Ten roles are to be cut immediately, with the rest to go by early next year.

In August the firm announced plans to close two of its offices in Bristol and Colchester, potentially affecting up to 41 jobs.

A spokeswoman from the firm said the latest plans were part of a 'phased wind-down' of Cogent Law.

She said: 'Over the past year more than 75% of Cogent Law's claimant activities have transferred to two insurer-led ABSs in which Parabis is a partner.

'The remaining run-off work has been handled from two locations. That work is now coming to a natural end, and in the absence of new work being generated, it has been decided to concentrate claimant activities in our Leeds office.  As a result there will be a phased programme of redundancies over the next five months affecting 24 fee earners in Cogent's Croydon office.'

In January the firm announced a joint venture with Direct Line under the ABS firm DLG Legal.

 More ABS joint ventures are expected to follow, said the spokeswoman.

 Parabis has offices in London, Manchester, Leeds, Liverpool, Southampton, Croydon, Bristol, Colchester, Milton Keynes, Evesham, Edinburgh and Glasgow.

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