DLA Piper is to offload its Manchester and Sheffield defendant insurance practices to Hill Dickinson.
The announcement comes less than a week after the firm announced it would close its Glasgow office (24 January 2013).
Hill Dickinson will add a team of 30 to its Manchester and Sheffield offices as part of the deal.
The practice, which has a turnover of approximately £2m, specialises in disease cases. Hill Dickinson managing partner Peter Jackson said the firm had made the expansion of its insurance practice a priority.
The deal will also see Hill Dickinson acquiring DLA’s insurance client base.
Jackson said of the move: “This is a significant acquisition for the firm. The improvement of our relationship with mainstream insurers is a priority for our insurance business and this deal will help us to meet this objective.”
The new team will transfer on 28 February.
DLA Piper also plans to offload its Birmingham defendant insurance practice, although a deal is yet to be revealed.
Readers' comments (6)
Spanish Fly | 28-Jan-2013 1:14 pm
This is a tasty bit of opportunism for HD. Did Tony Angel do them a good deal?
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Anonymous | 28-Jan-2013 2:16 pm
Any news on the Insurance Team from the Birmingham Office ?? Why does nobody want to take them on ??
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Anonymous | 28-Jan-2013 4:36 pm
Why would anybody want this work? Defendant insurance work has to be the worst paid `commercial' work going, with client loyalty only as good as next year's fee negotiations.
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Anonymous | 28-Jan-2013 5:58 pm
Because, despite their best efforts, HD are still primarily an insurance firm
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FIG | 29-Jan-2013 1:21 am
My bet is on Kennedys ( third attempt to acquire a serious bolt-on). However Weightmans equally in the mix, and what happened to Parabis/Plexus making significant major bolt-ons!, following their PE Investment? Greenwoods are apparently about to "merge" with Parabis, which is likely to be the only proper acquisition they make post PE Investment. Parabis will just pick off very small partners and their teams,to join them without making a wholesale proper "acquisition" of an Insurance firm.
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Anonymous | 30-Jan-2013 1:00 pm
You've got to laugh! At least the Lawyer didn't describe this as HD "swoops" on this acquisition. No one else wanted it by all accounts.
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