Log in
Register
Search
Search titles only
By:
Search titles only
By:
Log in
Register
Search
Search titles only
By:
Search titles only
By:
More options
Toggle width
Share this page
Share this page
Share
Facebook
Twitter
Reddit
Pinterest
Tumblr
WhatsApp
Email
Share
Link
Menu
Install the app
Install
Law Firm Directory
Apply to Paul, Weiss
Forums
Law Firm Events
Law Firm Deadlines
TCLA TV
Members
Leaderboards
Premium Database
Premium Chat
Commercial Awareness
Future Trainee Advice
🚨 Reed Smith has just announced its Direct Training Contract route!
The deadline is
20th June
.
👉
Read Becca's announcement post here
📝
Apply directly here
Forums
Aspiring Lawyers - Applications & General Advice
Applications Discussion
TCLA Vacation Scheme Applications Discussion Thread 2024-25
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Ram Sabaratnam" data-source="post: 209647" data-attributes="member: 36738"><p>Hiya [USER=32382]@AlegalA[/USER]</p><p></p><p>I don't have any particular information on their assessment centre, but just had a look through The Lawyer and Chambers UK and wanted to mention some recent information about the firm in case it helps your preparation (you may already know some/all of this).</p><p></p><p><strong>Financial performance</strong></p><p>The Lawyer reported that DACB had a really strong 2023/24. Their profile on the firm mentioned that revenue passed £300m for the first time, and profit before tax jumped by 15%. Average profit per member was also close to £700k. They’ve been trying to bring down their debt levels too, and while we don’t have exact figures, the firm said it ended the year with more cash and less debt than it started with.</p><p></p><p><strong>Main areas of work this year</strong></p><p>I'm sure you're well aware that the firm is still heavily insurance-focused, but also continues to work on significant personal injury matters. Chambers UK clearly ranks them well in areas such as insurance, personal injury, and mid-market commercial litigation. The firm seems to have doubled down on the litigation work in particular(especially through its Claims Solutions Group, which I'd encourage you to look into). The Lawyer also reported that they were growing their focus outside of just litigation, focussing on commercial, health, and regulatory work too. However it doesn't mention any particular matters on which they've been advising on in those areas. To help focus your research on the firm's practice area specialities prior to your assessment centre, you may want to look into the firms growth in these areas.</p><p></p><p><strong>Global footprint</strong></p><p>They’ve been expanding internationally at pace. Last year alone they opened in Argentina, <a href="https://www.globallegalpost.com/news/dac-beachcroft-debuts-in-hong-kong-with-new-office-and-association-275949571" target="_blank">Hong Kong</a>, and Peru and just recently <a href="https://www.globallegalpost.com/news/dac-beachcroft-hires-team-of-30-for-us-debut-285855403" target="_blank">announced</a> new offices in New York and LA. I found the US news pretty impressive for a UK-based insurance firm. The US legal market is famously hard to break into, especially without a merger or local alliance, so the fact they’re building a presence there independently is definitely noteworthy. Given recent political changes in the US, it's also quite interesting that they've double down on their interest in the US legal market (the new Administration has actually led some UK firms to really rethink their US strategy).</p><p></p><p><strong>How they’ve set themselves apart from competitors </strong></p><p>I'm sure you're well aware that, given the firm's insurance/disputes/personal injury focus, they tend to be pitted against firms such as Irwin Mitchell<strong>, </strong>Kennedys and Slater and Gordon. Interestingly, while several of their competitors have created spin-off tech or consultancy businesses, DACB seems to have taken a slightly different track. They’ve tried to embed that innovation within the core business. For instance, their Claims Solutions Group already functions as a distinct, tech-savvy arm within their core business. In this way, it seems the firm is innovating without fractionalising its operations in the way that some firms currently seem to be doing.</p><p></p><p>Hope this all helps a bit!</p></blockquote><p></p>
[QUOTE="Ram Sabaratnam, post: 209647, member: 36738"] Hiya [USER=32382]@AlegalA[/USER] I don't have any particular information on their assessment centre, but just had a look through The Lawyer and Chambers UK and wanted to mention some recent information about the firm in case it helps your preparation (you may already know some/all of this). [B]Financial performance[/B] The Lawyer reported that DACB had a really strong 2023/24. Their profile on the firm mentioned that revenue passed £300m for the first time, and profit before tax jumped by 15%. Average profit per member was also close to £700k. They’ve been trying to bring down their debt levels too, and while we don’t have exact figures, the firm said it ended the year with more cash and less debt than it started with. [B]Main areas of work this year[/B] I'm sure you're well aware that the firm is still heavily insurance-focused, but also continues to work on significant personal injury matters. Chambers UK clearly ranks them well in areas such as insurance, personal injury, and mid-market commercial litigation. The firm seems to have doubled down on the litigation work in particular(especially through its Claims Solutions Group, which I'd encourage you to look into). The Lawyer also reported that they were growing their focus outside of just litigation, focussing on commercial, health, and regulatory work too. However it doesn't mention any particular matters on which they've been advising on in those areas. To help focus your research on the firm's practice area specialities prior to your assessment centre, you may want to look into the firms growth in these areas. [B]Global footprint[/B] They’ve been expanding internationally at pace. Last year alone they opened in Argentina, [URL='https://www.globallegalpost.com/news/dac-beachcroft-debuts-in-hong-kong-with-new-office-and-association-275949571']Hong Kong[/URL], and Peru and just recently [URL='https://www.globallegalpost.com/news/dac-beachcroft-hires-team-of-30-for-us-debut-285855403']announced[/URL] new offices in New York and LA. I found the US news pretty impressive for a UK-based insurance firm. The US legal market is famously hard to break into, especially without a merger or local alliance, so the fact they’re building a presence there independently is definitely noteworthy. Given recent political changes in the US, it's also quite interesting that they've double down on their interest in the US legal market (the new Administration has actually led some UK firms to really rethink their US strategy). [B]How they’ve set themselves apart from competitors [/B] I'm sure you're well aware that, given the firm's insurance/disputes/personal injury focus, they tend to be pitted against firms such as Irwin Mitchell[B], [/B]Kennedys and Slater and Gordon. Interestingly, while several of their competitors have created spin-off tech or consultancy businesses, DACB seems to have taken a slightly different track. They’ve tried to embed that innovation within the core business. For instance, their Claims Solutions Group already functions as a distinct, tech-savvy arm within their core business. In this way, it seems the firm is innovating without fractionalising its operations in the way that some firms currently seem to be doing. Hope this all helps a bit! [/QUOTE]
Insert quotes…
Verification
Our company is called, "The Corporate ___ Academy". What is the missing word here?
Post reply
Forums
Aspiring Lawyers - Applications & General Advice
Applications Discussion
TCLA Vacation Scheme Applications Discussion Thread 2024-25
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…