The firms said that 21 partners, about five per cent, would be leaving the partnership, but denied it was part of a cost-cutting exercise.
A spokesman for the firm said: ‘The marketplace is going through some major changes, and we need to make sure we have got the right balance. There is over cpapcity in some ares.’
The cuts for both staff and partners will be across all areas of the firm, including, audit, tax and corporate finance.
But the spokesman added the firm would be recruiting in other areas.
Last September, the firm slashed 200 jobs, blaming economic uncertainty in the wake of the 11 September terrorist attacks.
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal