Morgan Cole offloads claims group to DAC Beachcroft and BLM

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Readers' comments (23)

  • It makes slightly more sense to be off-loading injury teams than buying in this climate.

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  • The Defendant Insurance Division at MC has been faltering for years: no strategy and no investment. You can only reap what you sow.

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  • The defendant insurance liability solicitors' team (who worked under the then head of FOIL in the Thames Valley) all tired of the lack of investment, lack of strategy and the inability of the partners to attract work, and have all moved on in recent years. With practically all the injury related defendant fee-earners in both Cardiff and Bristol departing, I am not sure what that leaves Morgan Cole to "refocus" on?

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  • It has to be said, and this is as good an opportunity as any, that there has not simply been "natural wastage" over the last few years in relation to the defendant liability lawyers in the Thames Valley, but a culture of bullying and victimisation at MC: the downsizing I think has been long in the planning, and in the execution.

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  • The defendant insurance division at MC had major insurance clients, and was very profitable for a long time, but this is what lack of investment under Carr has done.

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  • Even the head of the top rated credit hire team in the Thames Valley has exited from the partnership: always a sign of lack of faith.

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  • Carr will no doubt be thrilled at the salary saving.

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  • It makes sense for BLM or DAC to make an announcement, but I am not sure why MC needs to do so. Perhaps the teams were looking elsewhere or head hunted, and MC are trying to save face by making these moves look pre-planned, and/or "strategic".

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  • I distinctly recall the TV insurance partners running down the TV defendant team: a combination of natural wastage, then pushing by bullying, victimising/starving or work etc. All this occurred after opening their newer "flagship" Bristol insurance office, with recruitment continuing there. Interesting to see that Bristol has not worked out for them either, and so there is a God!

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  • If you look at the figures, most of the Bristol & Cardiff insurance division is going, so with most of the TV insurance team having left, "refocusing" is surely a bluff?

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  • I was once told by a TV insurance partner that it was the then considerable, regular fee income of the defendant insurance division that financed the firm, other sectors such as corporate, employment etc. having peaks and troughs or dry spells in their fee income. If practically all of insurance goes, where does that leave other sectors?

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  • With virtually all of Bristol and Cardiff leaving, and those in the TV who were capable of finding employment elsewhere having left, that now leaves a credit hire team under Neil Forsyth and a small property damage team under Kirsteen Mace for the taking in the TV. Any takers or bidders at all?

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  • MC also used to have a fledgling professional negligence team in Cardiff under Claire Hughes Williams, but that got lifted by DAC too.

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  • The insurance teams at Morgan cole were always viewed as inferior by the rest of the firm, and many of the solicitors were paid less than solicitors in other departments despite having the same targets in terms of fee income. It's no surprise that they are now moving to firms which recognise the value of insurance work

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  • Out of the frying pan and in to the fire...

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  • Many an agent told me I was being under paid, but the TV insurance partners just believed in milking profits, not in investing in staff, their training or (sadly) even strategy. Virtually no clients or staff left, what will fund the partners' lifestyles now?
    And if defendant insurance litigators are viewed as "inferior" to the eg. commercial lawyers, then it will be interesting to see how those departments fare without the considerable monthly fees insurance generated.

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  • I am not sure what need there is going to be for even the few insurance partners left with virtually no employees remaining. Perhaps even the least bright/able like Cole "less than a Desmond" junior will have to step into the real world & find a job.

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  • I expect DAC and BLM are just pinching these teams to consolidate their position on panels. Thereafter, who knows whether those transferred will still be required.

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  • I think this comment by Carr is just after-the-event and reactive: if the work is not profitable then why are teams still being taken?

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  • Does TV stand for transvestite?

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