Hill Dickinson is considering whether to overhaul its partnership deed as managing partner Peter Jackson has been elected to serve a third term in office. 

Jackson (pictured), who succeeded David Wareing in the post in 2005, is due to begin his third four-year term in May 2014, despite the firm's limited liability partnership deed restricting incumbents to a maximum of two terms. 

His uncontested reappointment was confirmed following a partner vote earlier this year in which he received more than the 75% approval required from the firm's 120 partners. 

It is understood Hill Dickinson is now drafting an amendment to its deed which will see a current two-term maximum on the role permanently removed, with the overhaul requiring the separate approval of partners. 

Even if the firm does not amend its deed, Jackson will continue to serve his third term as a one-off exception. 

The election took place ahead of a review of the firm's UK business, which is expected to result in a number of redundancies. 

The review, which kicked-off on 1 May, will focus on the firm's range of services and its geographical reach, with the move coming in response to "prevailing market conditions". 

The exact number of employees affected will not be known until after the conclusion of the review, which Hill Dickinson hopes to complete by the end of July. 

In January, the firm secured the hire of a 30-strong defendant insurance team from DLA Piper along with a client book comprising around 20 clients, and it is preparing to open a new Monte Carlo base after gaining its licence in February.