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UK City Firms
DAC Beachcroft (London)
Back in the day, legacy Beachcroft had been desperately trying to reinvent itself – it dropped the “Wansbroughs” from its name and moved into flashy new offices in Bristol (“
rather like working in an iPod
”, grumbled one assistant). And in 2011, merged with fellow middle-ranking insurance firm Davis Arnold Cooper to become DAC Beachcroft (sadly not ABCD as RollOnFriday had hoped).
And since the merger, the firm has largely been making a success of it with steady growth. DAC Beachcroft's 2015/16 financials were positive with turnover rising 2% to £202m, profit up 9% to £35m, and profit per member up 21% to £358m. The firm has also cut down the debt in recent years, which was an eye-popping £34m in 2011/12, but is now at its lowest level since the merger, at circa £15m.
However, the firm’s associates have been panning the firm for poor pay and uncompetitive salaries for years. "
Salaries are going down rather than up
no pay rise for three years and not a cat in hell's chance of a bonus
the management are always looking to save money at the expense of the staff
" are all cries from assistants. As one lawyer put it, “
if only top brass would accept that rate of pay is the sole reason why staff turnover at junior fee earner level is so high and do something about it
.” It may be that management is looking to address the concerns, and in the salary review process at the start of 2017, the firm increased salary for 76% of the staff.
On the flip side, plenty of lawyers write in to praise the firm’s work/life balance, chummy atmosphere ("
no pompous arses
") and good social life (including events such as "
Money grabbing psychopathic assistants and unconcerned slave driving partners tend not to be attracted to Beachcroft, which helps keep the firm (almost) full of friendly people who are good at what they do but don’t see work as the primary reason for breathing
And the firm’s made some strides in broadening its practice too. Historically known largely for its insurance litigation expertise, it now gives commercial legal and litigation advice to a number of industries including financial institutions, the health and public sector (which has seen a particular investment over the last year), real estate, technology and industrial and consumer goods and services. And with the merger has come a much stronger focus on international expansion, sometimes in unexpected directions: in 2013 it became apparently the first European firm to open in Chile.The firm is well represented with a plethora of offices across the UK. And further afield, it has launched in Madrid, Colombia, Mexico, Chile, Singapore and New Zealand. As well as forming associations in several other countries.
And it seems to be a happy ship at the junior end as the firm's retention rates were pretty good in September 2016, as it kept on 80% of its trainees.
If you're after decent hours (by City standards) and a friendly environment this firm is not a bad bet. Just don't expect to be getting the top bucks.
NB Under the "Bonus Scheme" in the column to the right - bonuses start from 5% but in many cases may be higher.
Salary (1st seat trainee):
Salary (Salaried partner):
Typical bonus as % of salary
Grant for GDL:
Grant for LPC:
Training places per year:
% of trainees retained:
RollOnFriday Firm of the Year Scores
Firm of the year overall score:
24 - 30
Contributory up to 5%
The firm pays 12 weeks at full pay and 12 weeks at half pay
1440 - 1500
24 hour photocopying support:
24 hour secretarial support:
Explanation and source of figures
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UK Firm of the Year 2013: Pay
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Please keep it nice. Thanks.
I have found Beachcroft (soon to be DAC Beachcroft), a surprisingly pleasant firm to work for with a good work-life balance.
No salary increases for most of the firm for 5 years.
The pay information set out above is completely in accurate
The comment about pay increases is true. Most employees have not an increase for 5 years those that have had increase its not worth mentioning.
I've had 3 pay rises in 4 years in my regional office. I know I'm earning more than my peers at a rival national firm. It's a secure job in an ambitious firm and I get a family life. I wouldn't work anywhere else!
The above person has been very fortunate to get pay increases for the last 3 years. Support staff are not so lucky.
Perhaps ROF could take another look at the hastily added paragraph about the DAC merger (a cut and paste from the Clydes entry perhaps)? The combined firm's turnover will be closer to the £200m mark.
And the same thing again - no increases
The majority of staff and mainly support are not getting a pay increase. That's nearly 6 years for some. Times are hard and everything is so much more expensive.
2% increase for just staff under £30,000. not great
The partners get richer and the workers get poorer. Whats new?
No cost of living increases ever again employees have been told. Increases only if you are exceptional. Profits go up but employees salaries dont.
All the comments about salaries are so true. Lot of unhappy people at DACB but not a lot can be done about it at the moment. But times will change eventually.
Salary figures above are inaccurate for London.
86% retention rate? closer to 56% in reality.
Salary review time coming up. Probably a wage freeze again or a low percentage
Salary time. Very few people in support got an increate. Those that did received only a small one. Been told no more cost of living increases. Will look at the market street to decide if you get paid enough. Meanwhile the firm is doing well and the partners are getting more profits.
Shocking salary reviews. been told it because of brexit.