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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.
Hill Dickinson has cut 83 roles following the consultancy launched earlier this year.
The Liverpool firm began a business review in April, a move, it said, that could lead to job cuts (29 April 2013).
Today Hill Dickinson said 14 partner positions had been affected as well as 69 staff. There are 44 people who have taken voluntary redundancy, it added.
Senior partner David Wareing said Hill Dickinson had “been affected like all our competitors by the difficult trading conditions which presently exist in our regional centres”.
He added: “Accordingly it has been necessary for us to proactively manage the business to ensure the stability of the firm as a whole and to enable us to continue to further invest in the business in the future”.
Hill Dickinson’s financial results posted a 15 per cent drop in average profit per equity partner (PEP) and 11 per cent drop in net profit, despite a slight increase in turnover for 2012/2013. Turnover was up 2.5 per cent from £110.1m in 2011/12 to £112.8m at the end of the last financial year (15 July 2013).
Wareing said: “This has been a sensitive time for all involved and we have done our utmost to conduct a professional and thorough consultation process with our staff throughout” but that the firm planned to continue with its planned investment and expansion in the UK and internationally.
It comes as Knights Solicitors yesterday said it would acquire Hill Dickinson’s Chester office, including four partners (29 July 2013).
In June around 60 staff took voluntary redundancy at Hill Dickinson’s Liverpool office (28 June 2013).