DAC Beachcroft cuts five fee-earners from employment

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  • ...'review had identified that the London team was overstaffed at a senior level ...' so what did they do, they got rid of associates and solicitors ...

    Is the team in London run by paralegals and vacation placement students?

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  • With clients demanding more for their money you have to utilise paralegals and junior staff to make a profit. The days of Associates churning out the bread and butter work are gone.

    Adapt or die!

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  • "Adapt or die". Sounds more like the latter...

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  • "The days of associates churning out the bread and butter work are gone". What? Believe it or not some people still do like lawyers to do the work when instructing law firms.

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  • Yes anon at 1:31 pm, but Associates like to be paid well, particularly in London. DACB's employment clients are not people they are the Public Sector and no matter how much they like you they will not pay the rates to support the salaries.
    It is not nice but it is a sensible reaction to a changing market.

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  • Another sensible reaction to the changing market would be for Public Sector clients to have the sense to now question why they are paying the same rates for paralegals that they used to get solictors for, particularly when they could still be getting advice for the same price from qualified solicitors elsewhere.
    Likewise, any lawyers in central London (particularly those at the junior end) who are working in a practice area which is not the specialist domain of city law may want to consider if continuing to ask clients to pay a premium for little more than ensuring PEP can be padded and to cover the higher costs of employing staff based in the centre of the capital is viable in the long term. I think not.

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  • In defence of DAC their PEP has just plummeted through the floor, so they hardly seem to be padding this! Given the slide in profitiability query what further 'restructuring' is to follow...

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  • Very true, there is a reason you find Poundlands on every corner in the North and not on Sloane Street. Perhaps it is time for firms to consider those reasons!

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  • It is unfair to compare DAC to Poundlands. Poundlands have recently enjoyed strong sales and profit growth.

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