According to Mr Raven, the bulk of the money would be made through a “realisation of [its] office estate” as it shakes up its working space structure.
The firm plans to close its offices in Victoria, Berkeley Street and Broad Street and instead combine the offices into a new bigger space in Mayfair.
Mr Raven said: “It was always the plan to rationalise what we had, but one of the positives of the virus has shown that our whole business can work from home.
“We can be more flexible with people’s working lives...and we’ve taken the view now that we need less office space than we previously thought.”
He added there would be a “relatively” small number of redundancies as about 10 jobs were set to be lost.
imogen.tew@ft.com
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