DAC Beachcroft has put 65 jobs across the UK and Scotland into consultation that launched on 30 May and will vacate its Fountain Street office in Manchester as a result.
The consultation involves staff in the firm’s claims solutions group in offices across England and Scotland. The firm said the move had also prompted a review of the administrative and support structures of this group.
DAC Beachcroft cited changing market conditions as the force behind the cuts and added that there was a demand for greater efficiency and fewer office locations.
As a result the firm’s Manchester-based claims validation team is planning to vacate the current Fountain Street premises, while the Hardman Street office in Manchester will remain unchanged.
DAC Beachcroft’s Manchester operation came under new leadership on January when professional negligence partner Ian McConkey took over the reigns from Robert Moss, who stood down after two three-year terms in the role (8 January 2014).
In a statement the firm said: “We appreciate this will be a difficult and uncertain period for affected staff and we intend to provide as much support and guidance as possible at this time.”
The news comes just under a year after DAC Beachcroft launched a redundancy consultation resulting in the loss of five fee-earning jobs in its employment and pensions group (17 July 2013). The cuts were attributed to overstaffing at a senior level in the firm’s London office. (19 June 2013).
DAC Beachcroft issued a £10m cash call to its LLP members and increased its rolling credit facility to £40m at the end of last year (18 November 2013), having announced a revenue of £188.2m for 2012/13 financial year. This was an increase of 14 per cent from £164.8m, highlighted in the firm’s audited accounts for 2011/12 (15 July 2013).