Westminster firm RadcliffesLeBrasseur has demoted two equity partners and is negotiating redundancy with a third in a bid to boost profitability
There are also continuing redundancies of support staff and with staff at associate and assistant levels. Other partners and associates have left of their own accord and not been replaced. Head of the healthcare practice Simon Dinnick, who also sits on the management board, said: "After the merger eight months ago, we've been working hard to consolidate the practice." The news follows the sudden exit of Radcliffes' former chief executive Vincent Denham last month (The Lawyer, 5 August). A source close to the firm said: "Denham was brought in to stop the in-fighting and make the firm more profitable. But his views clashed with more senior equity partners, who were living a very comfortable life." The firm is yet to decide on a new governance structure. Currently it is being run by the eight-strong management board, which is headed by senior partner Robert Vallings. Profitability is clearly an issue for Radcliffes. Last year equity partners took home an average of just £110,000, with turnover at £20.8m. And the LeBrasseur side of the practice did little to boost the figure after it was dropped from the NHS Litigation Authority panel in January 2001.