DAC Beachcroft

The Legal Cheek View

When the merger between Beachcroft and Davis Arnold Cooper was announced in 2011 there were high hopes that we were about to see an ABCD LLP. Sadly, it wasn't to be. And the perhaps more sensibly named DAC Beachcroft came into being instead.

Since then the firm has enjoyed mixed fortunes as it initially was faced with the challenge of restructuring its post-merger finances. But it’s been steadily getting itself back on track, reducing net debt for the fourth consecutive year. This year all that discipline has paid off with profit per equity partner soaring by 20% to reach £432,000.

The firm is bigger than many realise, with ten offices in the UK and eight internationally, including exotic outposts in Bogota and Auckland. This year it expanded further via strategic alliances with firms in Germany, Australia, the US, Central America and Peru. The focus is very much on insurance work, but DAC Beachcroft has branched out into more general litigation and commercial work over the years, with highly rated specialisms in healthcare and real estate practices.

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Key Info

Training contracts 13
Latest trainee retention rate 80%
Offices 18
Countries 10
Minimum A-level requirement BBB
Minimum degree requirement 2:1

Insider Scorecard

Training
B
Quality of work
A
Peer support
B
Partner approach-ability
A
Work/life balance
A
Perks
B
Office
B
Canteen
C
Social life
C

Insider Scorecard Grades range from A* to D and are derived from the Legal Cheek Trainee and Junior Lawyer Survey 2017-18 of over 2,000 trainees and junior associates at the leading law firms in the UK.

Hours

Average arrival time 8:40am
Average leave time 6:06pm
Annual target hours Undisclosed
Annual leave 24 days

Money

First year trainee salary £35,000
Second year trainee salary £37,000
Newly qualified salary £58,000
Profit per equity partner £432,000
GDL grant No grant
LPC grant Fees only

The above figures are for London. First year trainees in the regions receive £26,000, while second year trainees in the regions receive £29,000. Newly qualified solicitors in the regions get £36,000.

Diversity

UK female associates 63%
UK female partners 29%
UK BME associates 6%
UK BME partners 4%

Universities Current Trainees Attended