Hill Dicks cuts 14 partners and 69 staff following UK review
Hill Dickinson has cut a total of 83 roles, including 14 partner positions, following a review of its UK business which kicked-off in May. The firm said that 44 of the redundancies were voluntary however declined to give details of which practice areas and regions were affected or how many roles had been put at risk. The review was intended to focus on the firm's range of services and its geographical reach, with the move coming in response to "prevailing market conditions", according to the firm. Yesterday (29 April), the firm announced that it was to sell its 24-strong Chester office to Knights Solicitors with the transfer taking place on 1 October.
July 30, 2013 at 06:16 AM
2 minute read
Hill Dickinson has cut a total of 83 roles, including 14 partner positions, following a review of its UK business which kicked-off in May.
The firm said that 44 of the redundancies were voluntary however declined to give details of which practice areas and regions were affected or how many roles had been put at risk.
The review was intended to focus on the firm's range of services and its geographical reach, with the move coming in response to "prevailing market conditions", according to the firm.
Yesterday (29 April), the firm announced that it was to sell its 24-strong Chester office to Knights Solicitors with the transfer taking place on 1 October.
The team includes four partners and focuses on corporate and private client work.
As such, the firm now has UK offices in London, Sheffield, Manchester and Liverpool, while the firm also has international bases in Piraeus, Singapore and Monaco.
Senior partner David Wareing (pictured) said: "This has been a sensitive time for all involved and we have done our utmost to conduct a professional and thorough consultation process with our staff throughout.
"We have a strong and sustainable business and indeed many of our teams recorded revenue growth in the last financial year. Inevitably however we have been affected like all our competitors by the difficult trading conditions which presently exist in our regional centres and accordingly it has been necessary for us to proactively manage the business to ensure the stability of the firm as a whole and to enable us to continue to further invest in the business in the future."
Hill Dickinson's growth during 2012-13 has been hit by the struggling UK commercial market; however, the firm has been encouraged by its performance in its key areas such as health, marine and insurance.
The firm recently announced a mixed set of financial results with revenue up 2% to £112.8m while profits per equity partner suffered a 15% drop to £264,000.
The news of Hill Dickinson's redundancies comes as DWF today (30 July) confirmed that 38 fee-earner roles have been cut following as part of a restructuring of its business.
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