DAC Beachcroft profits slump by 10 per cent

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Readers' comments (14)

  • Too many offices and too much insurance. Simples.

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  • Time for a clear out. Need to get rid of some of the deadwood members who've been on the gravy train for far too long, hoovering up the profits. They've got some really talented partners, especially some of the recently promoted ones and laterals, and they should be looking to the future with these guys.

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  • "The reduction in reported total profit this year reflects some prudent accounting treatment" - lets hope for DAC's sake the accounting is less prudent next year !!

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  • That's a pretty big drop from a not so high level. Many law firms are essentially buying work to stay on the insurers' panels. Hence why many firms have moved out of this market to do more profitable work and sustain their business.

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  • Bad move by wee Gibby to let Anderson Partnership be swallowed up in Scotland at just the wrong moment...

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  • Too may meercat toys

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  • DAC must be careful, if they continue to show falling profits, they may become a takeover target or begin to lose some of their senior Partners

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  • We've been here before with DAC....

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  • Poor DAC Beachcroft. It is the victim of the self-defeating game being played by insurers. They want the best quality and the best service but continue to demand lower fees (they feel lawyers make too much money). Tell that to the brightest solicitors who will simply avoid insurance work. End result: only underpaid paralegals will end up doing the work and dealing with frustrated insurance customers receiving substandard advice.

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  • John @ 4:54pm I don't think it's their senior partners who may be contemplating greener pastures, when firms are in this position it's always the rising stars with the transportable practices.

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