Scottish firm Maclay Murray & Spens has confirmed that 28 jobs have been cut across its Edinburgh, Glasgow and London offices. 

Fee-earners and support staff in the firm’s property and corporate practice will be affected following the redundancy consultation started in June.

In May the firm reported that profits fell 21.7% to £11.29m for the financial year 2012/2013, on turnover down 12.8% to £40.9m. Profit per equity partner dropped 21.9% to £211,000.

A spokesperson for the firm said: ‘While we regret having to take these steps, they are necessary for the implementation of the firm’s future growth strategy.’

Maclay Murray & Spens began its strategic review after a cross-border merger with national firm Bond Pearce fell through last year. Bond Pearce has since merged with Dickinson Dees to create Bond Dickinson.

However, in July the firm took on three partners in Aberdeen and London.