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Firm injects DAC Beachcroft team into health-focused Leeds office
Capsticks seems determined to administer medicine to its health-focused Leeds office. After a string of internal promotions last year it has looked to someone else’s first aid box for a stiff staff injection, taking a five-partner team from Leeds-based DAC Beachcroft to add to its 15-strong team.
The Leeds office opened in 2011 and until then the firm shied away from bulk-buying, hiring only six lateral partners between 2006 and 2012. But now Leeds numbers are rising from 15, with five partners, to a team of 20, with partners making up half the staff in the office – eight of whom were lateral hires. There are even suggestions Leeds will gain not only new blood but also new equity partners despite the fact it has only appointed one lateral equity partner between 2006-12.”
So do the additions spell superhuman strength on the horizon or something less healthy? With only 7 per cent of revenues generated by the Leeds office – that’s £2.26m – and lower rents than other areas of the UK, Capsticks’ fingers are crossed.
But senior partner Peter Edwards believes the team could be just what the doctor ordered. He says the swipe of partners Rachel Heenan, Robert McGough, Ron Simms and Claire Reynolds is an attempt to hire key talent in the health practice, which is well-positioned near NHS England’s Leeds headquarters.
“Those people were identified as having the client relationships in that part of the country,” he says.
As with his fellow partners, he’ll be hoping the drugs do work.