Rivals snap up axed DAC lawyers

Sixteen of the solicitors made redundant from Davies Arnold Cooper have been scattered around four rival firms.

The 16 have been divided between Garretts, Hammond Suddards, Addleshaw Booth & Co and Halliwell Landau.

The Lawyer understands that Hammond Suddards is also about to finalise an agreement with three partners at DAC.

Garretts is recruiting four members of DAC's team specialising in major projects and PFI, including its head partner Hamid Yunis and two corporate assistants.

Tim Hamilton, senior partner at Garretts, confirmed the four were coming on board: “We are delighted we have attracted such a quality team.”

According to a source Addleshaw Booth & Co is understood to have taken on Stephen Houston, head of the corporate department at DAC.

However, a spokesman at Addleshaws refused to confirm or deny Houston's move.

Halliwell Landau has netted the highest number of DAC staff, adding three partners to its corporate finance team: David Clinch, Nigel Brown and Frank Shepherd.

Halliwells is also appointing Andrew Buchanan as a partner, along with four assistants, to its corporate recovery and insolvency department, and one assistant in its employment area.

The drawing of lots follows DAC's restructure in February when the firm made around 90 staff redundant including its five-partner, 19-strong corporate team at its Manchester office.

Roger Lancaster, senior partner at Halliwells, says that his firm has been in talks with the DAC staff since the redundancies were announced: “We basically see it as a good opportunity to build on specific areas and consolidate our position.”