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This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
DAC Beachcroft has confirmed that senior members of its London employment and pensions team will face a redundancy consultation.
The firm refused to comment on exactly how many jobs were under threat.
A statement from the firm read: “DAC Beachcroft’s employment and pensions group operates successfully across five UK locations: Bristol, Leeds, London, Manchester and Newcastle. A recent review has identified that in London the team is overstaffed at a senior level when taking account of clients’ evolving demands.”
“As a consequence we are in the process of a consultation with the team to determine ways in which we can rebalance the make-up of the team. This may, unfortunately, include a small number of redundancies at senior level. As this is a very personal issue for those involved we do not wish to comment further at this time.”
The announcement comes just over a week after legacy Davies Arnold Cooper (DAC) senior partner Danny Gowan retired, prompting a revamp of the firm’s board (11 June 2013).
This is the latest redundancy consultation to hit the headlines following the close of the 2012/13 financial year (31 October 2011
DAC Beachcroft is yet to release its 2012/13 financials but it will be the full financial year since its DAC merger in November 2011 (31 October 2011).
Last year the firm posted £163.2m of turnover, a little lower than the combined totals of Beachroft’s 2010/11 figure of £134m and DAC’s £43m, althought the firm said at the time that it expected to be opertaing at more than the sum of its parts by 2012/13 (28 June 2012).