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Hill Dickinson issues £2.8m cash call

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Readers' comments (16)

  • I always thought Hill Dickinson was a good firm. Surely they'll be fine.

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  • Seems very unlikely that £2.8 million is sufficient. It really should not be difficult to manage the firm such that this kind of cash-call is unnecessary. Those made redundant would do well to keep away from large firms more intent on building brands and equity profits than giving their lawyers a stable platform to provide legal services for which they can hope to be paid a reasonable fee and in turn receive a salary that fairly reflects their contribution.

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  • In my experience cash calls are a last resort and management tend to ask for the bare minimum. A firm the size of Hill Dickinson really shouldn't be scrabbling around down the back of the sofa for this sort of loose change.not a good sign at all.

    Man the lifeboats indeed.

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  • Why man the lifeboats? This firm has a healthy client roster.

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  • If by "healthy client roster" you mean some big name insurers, then you're right, they do. But that sort of client gets knock down rates.

    It's clear from recent press that Hill Dicks are having a tough time at the moment. A cash call, significant redundancies, partner losses, drop in PEP, drop in net profit are all things that make other people at a firm look at their own position very carefully. In particular the senior people - many partner in name - will look at other options in a firm that might not seem as rosy a prospect as it once did.

    I hesitate to mention Hill Dicks in the same breath as Halliwells or Cobbetts - because I'm not suggesting that they're in the same boat - but the demise of those two firms surely demonstrates that big name clients don't guarantee anything.

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  • Healthy client rosters?

    Big name insurers like Co-Op/CIS who are pulling out of the car insurance market?

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