DAC Beachcroft loses Madrid real estate partner to Herbies

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  • Great move by Herbies but really quite concerning for DAC. They have now appear to have lost their 2 principal practices in Madrid and a leading UK health team in short succession. Having witnessed it first hand, it is very worrying when the leading practices at any firm start to jump. I read the story about the massive increase in debt levels, which might be spurring this. Having a number of friends in the firm, I hope they can turn things around.

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  • It's a shame to see the string of departures from DACB. In my early career, this office was the DAC (as was) blue-ribbon office. Hopefully they will bounce back.

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  • Anonymous @ 1.53pm - I'm afraid this is commerial reality. It is hard for certain firms to hold onto their high flyers particularly given widely varying rates of profit per partner (and borrowing!) between top 50 firms.

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  • This is a firm who need significant change. Before they can turn the corner they need to drop all the pretences, embrace what they are and regrettably make a raft of redundancies.

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  • Good move for Herbies. Javier is a really good hire. Sorry to see what is going on at DAC. Hope they turn the corner.

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