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Poundworld Retail has hired a lawyer from rival Costcutter and created an in-house legal department in a bid to save money on external firms.
David Dresser joined Poundworld as head of legal earlier this year and has since hired a legal executive, Bhavin Chauhan, from Addleshaw Goddard to assist. Before joining Poundworld, Dresser was company solicitor at Costcutter Supermarkets, which he joined in April 2008. Dresser has been succeeded at Costcutter by his former assistant, Stuart Astbury.
Dresser said that Poundworld’s decsion to establish an in-house legal department stemmed from the company taking on a lot of new store leases and management’s desire to save costs on its legal spend.
But Dresser still instructs a number of external firms, including Gordons for property issues, Kempner & Partners for IP, and DAC Beachcroft for regulatory matters. He is also speaking to Squire Sanders about doing employment work for the company.